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

A farm owner terminated a partnership agreement with a company engaged in the marketing and construction of solar systems in favor of an engagement with a competing company, contending that he was entitled to terminate the partnership agreement at any time. The Court partially accepted the claim and the farm owner is to pay compensation […]

A shareholder sought to appoint for the company an independent auditor contending that the company’s existing auditor is in a conflict of interest because he is authorized to report in several companies of one of the shareholders and also that his appointment was flawed. The Court held that the auditor of the company was duly […]

Restaurant owners quarreled with the restaurant’s chef, and as a result, shares promised to him under a share allocation agreement in the company managing the activity were not allocated. The company collapsed, so the chef demanded the salary he would have received for his work if he had agreed to accept shares instead of salary. […]

Three shareholers in a company operated under a detailed shareholders agreement that included a separation mechanism in case one of them retires.  Later, the shareholders established another company for a separate business activity, but did not sign a new shareholders agreement for it.  When one of them retired from the activity upon reaching retirement age, […]