Services

Shareholder
Disputes

Shareholder disputes can arise in a myriad of different ways. Whilst often aligned with perceived financial or performance issues, allegations of fraud, diversion of trade, excessive remuneration and trust issues often come into play.

Family businesses are not immune either, and shareholder disputes often arise as satellite litigation in other cases, such as unfair dismissal and matrimonial cases. Statistically , you have the same percentage risk of becoming embroiled in a dispute with your business partner as getting divorced. The similarities don’t end there either. Both are emotionally charged, complicated, drawn out, and tactically played, with catastrophic consequences for the parties concerned. When faced with this situation you need proactive collaborative advice to achieve the best outcome. We have created the team to achieve this for you in a timely and cost effective way.

Thursfields identifies that the best way to deal with a shareholder or partnership dispute is for lawyers in different teams to work collaboratively. These disputes have common themes, often needing the expertise of commercial, corporate and employment lawyers, as well as members of our dispute team. This is where we differentiate ourselves from almost all other firms acting in this area. In almost all cases, the other party is represented solely by a dispute lawyer. Even though that lawyer might be excellent at court procedure, it is unlikely that he or she will be familiar with the intricacies of Company or Employment law. We think that this is how we achieve a competitive advantage for our clients, as we can better plan the case on several different levels, utilising our expertise in these other legal disciplines.

As a testament to that process, most of these disputes are resolved, either without the intervention of the court, at a mediation or shortly after proceedings have commenced. This leads to less stress and expense for our clients. We will act for Companies, its directors, the majority shareholders or the aggrieved minority shareholders in these cases, as appropriate.

Our services include:
Unfair prejudice claims under s.994 of the Companies Act 2006
Just and equitable winding up claims under Insolvency legislation
Breach of director duties
Malfeasance claims
Derivative actions bought by a Company against its directors
Employment claims
Injunctions to prevent breaches of confidence and restrictive covenant breaches
Demerger (to split the business into distinct part)
Company buyback of its own shares
Share purchase agreements to reflect any share purchase negotiated

06/05/2020

Things to Consider When Trading Online | Commercial Law

For the foreseeable future, most of the shops will be closed so, with shoppers having little option other than to buy from the comfort of their sofas, what should you consider if you are going to trade online? Are you selling to business users or consumers? You need to consider if the customer for  your…

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Key team member

Stuart Price
Director, Commercial & Technology, Media and Telecoms

View full profile

Team

Jane Rudge

Director, Commercial

Jade Linton

Senior Associate Solicitor, Employment & HR Law

Contact

Give us a call and we’ll get you to the right office and person to help you with your requirements.

T. 0345 20 73 72 8 T. 0345 20 73 72 8

Our latest news and events

29/05/2020

Are you on the move? Business as usual at Thursfields

Following the government’s announcement on 10th May stating their intention to start a relaxation of the current lockdown restrictions the Property market has been able to return back to previous functionality. The changes meant that all activities relating to the purchase, sale or letting of residential properties are now permissible under the lockdown such as…

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27/05/2020

Making a Will features in Thursfields’ first Talk Legal webinar | Wills and Estates

A new series of free webinars is being launched by Thursfields Solicitors next month, with the first one focused on “Making a Will”. “Talk Legal – An audience with Deborah Beal” will be held at 10am on Wednesday 3 June. Deborah Beal an associate solicitor in the Wills & Estates department,  will introduce the webinar…

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