It is important that disagreements between shareholders be resolved quickly in order save time, money and strain on the business. The best strategies to deal with such disputes are as follows:
* Negotiation between shareholders to seek an amicable agreement.
* If that fails, mediation can be a relatively fast and cost-effective method to bring the parties together with the help pf an independent mediator .
* If there is a shareholders agreement in existence, it should provide a dispute resolution clause which may allow, for instance, one shareholder to exit the company and sell his shares to other shareholders.
* If all else fails, a shareholder may be forced to seek Court orders for different types of relief including including the enforcement of a shareholders agreement, the buyout of shares or even the winding up of the company.
This is a complex area of the law and, obviously, the assistance of a lawyer at an early stage may well lead to the dispute being resolved before it gets too far out of control.
