Managing a company in a situation of a shareholders dispute will be with prior written agreement only

A startup company employed a scientist.  The employment agreement stipulated that intellectual property belonged to the company and that the issue of employee stock options would be settled later.  After 8 months, a dispute arose regarding the option terms (the company’s requirement for a vesting period and actual work), the scientist decided to go on […]

The widow of a company employee sought to sue the company and its CEO, who she contended to be a hidden controlling shareholder, after pension contributions were not made for the employee during his employment period. The Court held that the corporate veil cannot be pierced and that personal liability should not be imposed on […]

Several officers of a corporation were charged with various breaches of fiduciary duty due to the operation of a pirated waste disposal site without a license and without proper infrastructure, while causing severe environmental hazards. The Court held that only some of the officers were guilty of breaching fiduciary duty imposed on them as officers.  […]

A business consultant claimed to be a partner in a business venture of an industrial design company and demanded access to financial data and a share of the profits. The Court rejected the claim regarding the existence of a partnership and held that the relationship between the parties was strictly a principal-contractor relationship and not […]