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What should I do if I am concerned about minority shareholder action?

The Companies Acts of 1985 and 2006 provide shareholders with specific rights. Your companys articles of association and/or a shareholders agreement may confer additional rights to shareholders. It is important that the company understands their shareholders rights particularly when shareholder action is threatened. Shareholder actions can take the form of unfair prejudice petitions, derivative actions and winding up petitions.

The experienced team at Vardags will work with you to formulate strategies to avoid litigation and court action. Where proceedings have already been issued, Vardags can provide you with expert advice on defending claims and simultaneously explore ways of settling claims to minimise the risk of reputational damage and cost exposure.

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