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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31768
Experience:  Over 5 years in practice
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I own 65 per cent of company my business partner owns 35 per

Customer Question

I own 65 per cent of company my business partner owns 35 per cent. I believe he is attempting to syphon off most of the customers to a new company he has secretly set up which would drive the existing company into liquidation. What is the legal positiion
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you.
How do you know he is doing this please?
Customer: replied 2 years ago.
I do not know for certain - it is a suspicion.
Expert:  Ash replied 2 years ago.
Is there any Directors or Shareholders agreement?
Customer: replied 2 years ago.
Yes - we are both Directors
Expert:  Ash replied 2 years ago.
What does the Director agreement say about competing interests please?
Customer: replied 2 years ago.
That's a very good point. I am not in the office at the moment can I come back to you tomorrow?
Expert:  Ash replied 2 years ago.
Sure.
Customer: replied 2 years ago.
Thanks
Expert:  Ash replied 2 years ago.
No problem.