This area covers the actions and claims available to shareholders to protect their interests in a company, including disputes with directors, oppression, unfair prejudice, misfeasance, and derivative actions. A solicitor in this field drafts and negotiates shareholder agreements, prepares court or tribunal applications, and advises on running disputes with directors, shareholding changes, and remedies under company and insolvency law. It often involves complex evidence, governance issues, and the impact of strategic corporate decisions on minority or majority shareholders.
What a solicitor handles in these matters
Key problems include losses from misfeasance, oppression, or breach of fiduciary duty by directors. A solicitor provides guidance on remedies such as unfair prejudice petitions, derivative actions, or oppression claims, and handles evidence, court filings, disclosures, and settlement negotiations. The work hinges on specific corporate statutes (e.g., Companies Act) and procedural rules for court remedies and shareholder disputes.
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