Shareholder disputes can arise for a variety of reasons, but one common cause is someone feels entitled to be paid more than the other or more than previously agreed. Perhaps they feel like they get more work, or do more work or get more clients.
These disputes can have serious consequences if left unresolved, potentially leading to financial losses and damage to the company.
At Norling Law, we are experts in resolving shareholder disputes and are here to help. Here are 5 tips for resolving shareholder disputes in New Zealand.
1. Communicate openly and honestly with all parties involved. Clear and transparent communication can help to identify the root cause of the dispute and find a resolution that is acceptable to all parties.
2. Seek professional advice from a lawyer or mediator. Shareholder disputes can be complex and emotionally charged, so having a neutral third party to guide the process can be invaluable.
3. Identify and address any underlying issues. Shareholder disputes are often symptoms of deeper issues such as mismanagement or a lack of transparency. Addressing these underlying issues can help to prevent future disputes.
4. Explore all possible options for resolution. This can include negotiation, mediation, or legal action. Each option has its own advantages and disadvantages, and the right choice will depend on the specific circumstances of the dispute.
5. Be prepared to compromise. Resolving a shareholder dispute often requires compromise from all parties involved. By being willing to listen to the concerns and perspectives of others, a resolution that is acceptable to all can be found.
Shareholder disputes can be challenging to resolve, but with the right approach and the right team, a resolution can be found. At Norling Law, we have the experience and expertise to help you navigate the process and find a resolution that works for all parties involved. If you are having issues, we offer a free 30-minute consultation to discuss your options. Book your consultation here
Brent is the Director of Norling Law. He has a wealth of experience in the District Court, High Court, Court of Appeal and Supreme Court. Brent is passionate about negotiating favourable outcomes for his clients and able to implement this in his daily negotiations.