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As a shareholder I don't see what, if anything, you could possibly be taken to court for? The only thing that would affect you personally would be tax implications from dividends from your shares, but this is nothing to do with your ex, this is on your self assessment. As I have said previously, the liability is limited to the company and not you as a person. Secondly, if you don't want to give him your shares, then don't, he can't sue you for them, so if you want to keep them then keep them as they are yours to do with what you want. However, if your ex wants your shares then you can offer to sell them to him. To gauge the price of the shares you would have to value the company based on assets, liabilities, cash, future business etc. So if you have 50% of the shares and the company is worth £100k then £50k would be a fair price for your shares. This is entirely up to you. If you decide to keep the shares then there is no way he can take you to court to get the shares from you.