Disputes between shareholders can have a devastating impact on the well being of a company. It is often in the best interests of all for disputes to be resolved quickly and effectively.
The main decisions usually requiring shareholder approval include: appointment, reappointment or removal of auditors and directors, adoption of the annual accounts and the reports of the directors and auditors, declaration of dividends, changes to the company’s memorandum or articles of association, voluntary winding up of a company, approval of property transactions involving directors, increasing the authorised share capital and giving the directors authority to issue the shares.
Disputes can be wide-ranging but can include unfair prejudice petitions, breaches of shareholder agreements, breach of fiduciary duties, misfeasance claims, disqualification proceedings or acting on behalf of shareholders to enforce rights to purchase or sell shares under a sales and purchase agreement.
Kings Cross Barristers provide advice to our clients on their legal rights and obligations and are prepared to litigate if necessary. We can also advise upon alternative dispute resolution such as mediation and arbitration where appropriate.