Breach Of Duty As Director
A shareholder who is also a Director may carry out acts that hamper access by another shareholder to the business and affairs of the Company or which prevent access to its accounts or which hamper business operations or proper business decisions.
Deadlock & Business Standstill
Parties may be deadlocked and the business may run into a stalled position where disputing parties own an equal number of shares and have equal voting power and neither is prepared to give way to the other, nor are they able to iron out their differences.
The investor wishes at the very least for recovery of the amount that he has invested, but sometimes the business has suffered a considerable loss and there is a need then to then consider how best for the investor to exit the situation with minimal loss.
Options For Resolving A Shareholders’ Dispute
This may include offering to buy out a party, appointing an auditor to look through the accounts to do up a valuation of the shares of the Company, voluntary liquidation and appointment of a liquidator, attending a mediation session to explore settlement, and in the last resort, winding up the Company.
What Role Do We Play?
- Assess the facts and identify the issues
- Advise you on what steps to take
- Collate the evidence needed
- Appoint accounting professionals to analyse financial records
- Advise you on the best form of dispute resolution
- Guide and prepare you for litigation /arbitration / mediation
WE ARE HERE TO HELP
Hoh Law Corporation is one of Singapore’s most successful community law firms.
As Singapore’s largest community law firm, HOH Law Corporation brings legal services to the masses and the ordinary man on the street. With island-wide offices and a team of committed legal professionals, our mission is to deliver affordable and quality legal services by dedicating our legal experiences and extensive resources to achieving the best outcome for every client.