Problem: Dispute with co-director as to the running of the business affecting growth plans and vision
Outcome: Our lawyers were able to negotiate terms that allowed the client to buy the other shareholder’s shareholdings, keep the business and contacts, and remove the other director from the business.
How long did it take? Less than 2 months.
Our expert director and shareholder dispute lawyers were instructed by a company director and shareholder in relation to a dispute with a co-director that was damaging the business and vision going forward, and seeking to divert business from the company.
Our lawyers and mediators drafted a letter before claim in relation to the breach of director duties, director disqualification and unfair prejudice suffered, and we invited the opponent to participate in a without prejudice meeting early in the dispute to seek to resolve matters failing which court proceedings would be issued.
There was several correspondence and discussions taking place, our lawyers were able to negotiate favourable terms for the client within 2 months without resorting to Court action, and a settlement agreement was agreed. The client was able to buy-out the other director and keep control of the company, clients, intellectual property and goodwill. Our lawyers acted on the case on a fixed fee basis so that the client had complete price transparency and certainty as to the costs of the case.
In fact during the dispute, the opponent praised our lawyers unique approach in getting the director dispute resolved.
Our experienced director and shareholder lawyers offer cost effective and reliable solutions for company disputes, ensuring that resolutions where possible can be achieved without disruption to the business and clients. We understand that we are in uncertain economic times and internal disputes can affect your business cash flow and create uncertainty among staff and clients.
We provide a free initial case review to establish whether or not we can help you with your company dispute. In our consultation, we will provide you with a clear strategy to achieve the best outcome for your director dispute.
If you have a company dispute or wish to remove a director from the business, please let us know. Please do not hesitate to call us for a Free Consultation 0207 459 4037 or alternatively complete our booking form below to schedule a consultation today. We look forward to assisting you.
