Shareholder agreement in Manchester, UK


Posted On Aug 11 2021

Shareholder disputes in UK by BlackstoneSolicitorsLtd? The Wills and Probate team at Blackstone Solicitors is here to help you and we can assist with every aspect of advising upon a Deed of Variation. This is the process whereby it is possible to vary a testator’s will We have considerable experience in this area of law and can advise you throughout the process. We can also help with all the documentation to ensure you achieve everything you are hoping to through a Deed of Variation. Contact us today and we can talk you through our services and how we can help you and your family. Simply call us on 0161 929 0121 or complete our online enquiry form and a member of the team will give you a call back as soon as possible.

If a company is formed by two friends with complementary skills and they fall out, leaving the company unable to continue with only one of them, the underlying basis of the company will have gone. Alternatively, there may be deadlock between the shareholders which cannot be resolved in any other way. However, if the company is in financial difficulties a creditor may issue a petition under S.122 anyway, whatever the shareholders may want. If you are a minority shareholder, the shareholders’ agreement can be drafted in such a way that certain decisions need unanimous shareholder approval, for instance, the issue of new shares, appointment or removal of directors, taking on new borrowings or changing the main business of the company.

What is an eligibility check? If you wish to transfer the ownership of a house with a mortgage to a new owner, then your lender will first need to perform an eligibility check. This enables the lender to assess whether the proposed new owner(s) of the property will be able to continue with the same mortgage. This will include whether the new owners or joint owners: Can pass a credit check, Have sufficient income to be eligible for the existing mortgage, Meet the appropriate age requirements, Have residency in the UK. What happens if the new owner fails the eligibility check? If you do not meet the requirements set out by the mortgage company, then an alternative will be to either find some way to remortgage the property or pay off the existing mortgage in order to transfer ownership.

Why are we better for you? We stand out from the crowd because we care about every case we take on, and doggedly fight to get the result that is fair and right. This is reflected in our ethos of passion and tenacity, which we follow at all times. We understand clients want a law firm to fight their corner every step of the way. We are: Passionate about each and every case, Willing to pursue what we think is right, Highly experienced in getting the right results for our clients, Highly academic – both in our background and our approach, Proud of the work we do. Find even more information at Blackstone Solicitors.

General litigation disputes can come in many forms. The team at Blackstone is able to help in any such instance, drawing upon our wealth of experience in these areas to provide the guidance you require. Litigation disputes can include: Professional negligence, Debt recovery, Partnership disputes, Contract claims, Contentious probate claims, Nuisance claims. However, it is important to note that any situation where you are in dispute with another party can give rise to litigation. This is why seeking legal help to ensure you approach disputes in the correct way is so essential – you need to give yourself the best chance of sorting out the matter as quickly and effectively as possible.

There are a number of reasons why a Landlord or Tenant may want to end a commercial lease early. In any event, and notwithstanding the reason, there are steps that must be taken in order to ensure that the lease can be determined. Below we outline the reasons and the complications that can arise. Conduct would include delivering the keys to the Landlord and the Landlord accepting receipt so that the lease comes to an end. However, both options would require the Landlord to agree to the Tenant surrendering the lease. The Landlord may also ask for a payment to be made as ‘compensation’ for the loss of rental income. Similarly, if the Landlord wishes to determine a commercial lease early, it can ask the Tenant for a surrender. In this instance, the Tenant is not obliged to agree and may accept to surrender upon payment of a premium. Read even more info at https://blackstonesolicitorsltd.co.uk/.

Last Updated on: August 30th, 2021 at 11:06 am, by


Written by Selymesi Tibor