Unfortunately, disputes also occur within businesses themselves, because a sad fact of life is that teams don’t always stick together. This can be very stressful, because most successful businesses are built around a good team that works together in a cohesive way. Internal disputes can quickly cause what was a profitable business to hit a rocky period financially.
It is important for any business owner or operator to understand that stakeholder disputes can occur within any business structure.
In a company, you can have disputes between:
- Directors and shareholders
In a partnership, disputes can be particularly difficult, because of the issues of unlimited liability that arise.
In trusts, the fiduciary duty that exists between trustees and beneficiaries can make things difficult.
When companies, partnerships or trusts fall into dispute, you should obtain legal advice as quickly as possible.
It isn’t always easy to dismantle a company, partnership or trust. You need to make sure you follow the correct legal process if you want to have a chance of saving the business, reaching an amicable solution (even if that means someone has to leave the business) and avoiding ending up in a court battle.
Why should you use Sajen legal’s litigation team to manage your stakeholder dispute?
At Sajen legal, we are experienced in dealing with stakeholder disputes. Often, the best outcome is a negotiated solution that allows the owners to separate amicably.
Unfortunately, however, it isn’t always possible to achieve a negotiated solution, because the parties may each have a very strong view that it is the other party that should exit. In other situations, personal issues make things more complicated.