Advised an 50% shareholder in a specialist advisory business in relation to claims of unfair prejudice against the other 50% shareholder. Interesting issues arose in this case to the equal nature of the shareholding and the deadlock between the two individuals in control of the company.
Allegations were made against the client in relation to loss allegedly suffered. Those claims were defeated due to the counter allegations of prejudicial conduct made by the client. This approach helped lead to a resolution saving both parties unnecessary litigation costs and avoiding potential claims against each other of between £50,000 and £100,000.
