All stakeholders in an owner-managed business expect to be involved in the management and as a consequence such businesses are susceptible to disagreements. We act for shareholders and directors of companies and partners who find themselves at odds with their counterparts. Unless such disputes are properly managed, the consequences can be fatal to the business and, even when dealt with carefully, some form of reconstruction of the business is likely to be necessary.
Our strategy is to seek alternatives to Court proceedings but nevertheless we have broad experience in the prosecution and defence of contributories’ petitions for Compulsory Winding up of companies, minority shareholder actions under the Companies Acts and litigation in respect of partnership disputes.
In less contentious situations we act for Liquidators and shareholders involved in reconstructions and schemes undertaken under section 110 of the Insolvency Act 1986 in Members’ Voluntary Liquidation.