Every business is different, so every business faces different issues. The one common feature of any business are the people who run the business (directors) and the owners of the business (shareholders). The relationship between directors and/or shareholders is critical to the success of any business. That is why this is our primary area of focus.
When it comes to directors and shareholders, clients usually want to be advised on their rights and responsibilities. What must I do? What can I do? What am I entitled to? There are dozens of possible issues.
In one recent case, we were instructed by a founder/ director/ shareholder who was being forced out of his own company by his fellow founder/ director/ shareholder. While what was being done to him seems unfair, it may be within the bounds of the law. We have done many such cases and continue to receive instructions for new cases in shareholder and director disputes.
Typically, we review the shareholder’s agreement (if there is one) and speak with the client to find out what went wrong and how it can be rectified. The problem with many such cases is that clients may come to us at a late stage, after events have happened or agreements have been signed. Ideally, you should have a lawyer advising you from the get-go. Even if that is not the case, always consult a lawyer early if you feel that things are not right, and you are being treated unfairly.