Disputes among business owners have been likened to a “corporate divorce” – one side has decided it is time to part ways, the other side bristles at the notion of being forced out of a business they helped build. How you manage the process is crucial to the continued viability of the business and to the ability of the ousted partner to enforce important minority and contractual rights.
The law offers various ways to resolve these conflicts, with the most extreme being the breaking up of the business. We are often able to achieve a negotiated settlement but in this area - to ensure progress - it is often necessary to go to court first.
Working with our colleagues in Wealth Planning we are also able to provide integrated tax advice on the implications of any proposed settlement.
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Drawing upon the experience and specialized sector knowledge of colleagues in the firm’s wealth planning, commercial, funds, intellectual property and employment practice groups, we are able to provide efficient, integrated advice where needed to fashion solutions that result in a corporate restructuring, dissolution, or the exercise of put or call options. Should dispute resolution efforts reach an impasse, our team has successfully handled complex disputes among business owners and claims involving wide range of businesses.
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Virginia Rylatt
DD: +44 (0)20 7597 6104
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Hollis Gonerka Bart
DD: +1 212 848 9808