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Here are answers to the most commonly asked questions about Share Purchase POA.
This POA is often used when shareholders are abroad, unavailable, or prefer legal professionals to handle the transfer process. It’s also common in complex corporate restructures or investor exit strategies where timely execution is essential.A may need updating or reissuance.
No. To avoid a conflict of interest, each party should issue separate POAs to different representatives. One POA cannot legally represent both the buyer and seller in the same transaction.
Yes. While the concept remains the same, authorities like DMCC, JAFZA, and DIFC may require specific formatting, wording, and supporting documents. Legal advice is recommended for each jurisdiction.
Only if the POA explicitly grants negotiation authority. Otherwise, the representative is limited to executing predefined terms, not altering the deal or structure without the principal’s consent.
Generally, yes, if the POA was valid at the time of execution and its scope remains unchanged. However, if the changes affect shareholding rights or the entity being sold, the POA may need updating or reissuance.