Is your company not going in the direction that you envisioned? Have shareholders reached an impasse and cannot make a decision?
A shareholder dispute can be costly and negatively impact on a business’s productivity. For these reasons, it is important that shareholder disputes are resolved in a quick and cost-effective manner.
If you have a shareholder dispute, we recommend you first check if you are bound by a shareholder agreement. If there is no shareholder agreement, we recommend you consult the company’s constitution.
Should there be no shareholders agreement or company constitution, alternative dispute resolution is recommended. However, courts can order shareholders to:
- disband the company; or
- that one shareholder sell their shares to the other at a fixed price.
For these reasons we recommend that legal proceedings are a last resort.
With extensive dispute resolution experience, Clifford Gouldson can help you to quickly resolve shareholder disputes by working with you to ensure that your needs are addressed.
If you would like tailored, expert legal advice regarding shareholder disputes, contact a member of our Litigation and Dispute Resolution team for information or advice.