This can be the result of personality clashes but also more fundamental wrongdoing including breaches of the fiduciary duties directors owe the Company. For example:-
Disputes of this nature are often not only time consuming and distracting for those involved but potentially also impact the viability of the Company. Equally, no one wants to feel that they are being taken advantage of or that their hard work is being eroded.
The key is to obtain early advice with a view to preventing any further damage or escalation. It is often in the interests of the Company and the people involved to reach a prompt, pragmatic and commercial resolution.
If this is not possible the options available to resolve director and shareholder disputes include the following:-
More often, the threat of one, or more, of the above can be enough to bring people to the negotiating table and the dispute is capable of being resolved using mediation or some other form of Alternative Dispute Resolution.
Lupton Fawcett LLP can help you to understand the overall value of the claim, what your ultimate objective is and how best to achieve it. Should you find yourself involved in such a dispute, our advice will be commercial and pragmatic but also robust and tailored to your circumstances.
For more information, or to discuss a potential dispute of this nature, please contact Simon Lockley (Partner) or Kirsty Coggin (Senior Solicitor) in the Sheffield Dispute Management team.
Please note this information is provided by way of example and may not be complete and is certainly not intended to constitute legal advice. You should take bespoke advice for your circumstances.
Remember you can still call us on 0333 323 5292 or email us at law@luptonfawcett.law