Birdi & Co Solicitors’ Post

Read our new article on Executive director in the Joint Stock Companies https://shorturl.at/wLs7t #law #egypt #stock #companies #corporate #ExecutiveDirector

As a corporate lawyer who has drafted countless shareholder agreements, I've seen firsthand how these documents can make or break a company's future. Here are a few crucial clauses that deserve your attention: 1.     Ownership Structure: Clear definition of shareholding percentages and share classes. 2.     Voting Rights: Who gets a say in what decisions? This isn't always as straightforward as it seems. 3.     Board Composition: Rules for appointing directors and decision-making processes. 4.     Transfer Restrictions: The 'right of first refusal' and other limits on selling shares. 5.     Pre-emptive Rights: Protecting existing shareholders from dilution in future funding rounds. 6.     Drag-Along and Tag-Along Rights: Essential protections for both majority and minority shareholders. 7.     Vesting Schedules: Particularly crucial for founder shares.  8.     Dispute Resolution: Clear procedures for when shareholders disagree. Trust me, this can save you massive headaches down the road. 9.     Information Rights: Defining what financial and operational data shareholders can access. 10.  Exit Strategies: Provisions for company sale, IPO, or other liquidity events. Remember, each clause should be tailored to your specific business needs and long-term goals. I've seen companies thrive or struggle based on how well (or poorly) these clauses were drafted. What's been your experience with shareholder agreements? Any clauses you'd add to this list? Next week I’ll be covering all of them in detail and explain the intricacies involved.  #ShareholderAgreements #StartupLaw #CorporateGovernance #LegalTips

Words are essential tools in law! Legal language is incredibly important. Sometimes words are only relevant to law (they have no other meaning elsewhere). Other times very common terms take on a different meaning altogether when used in law. This week’s #LegalLingo is the term “Shareholder.” SWIPE 👉🏻 for the definition. A majority shareholder is a single shareholder who owns and controls more than 50% of a company’s outstanding shares. A minority shareholder on the other hand, is a single shareholder who holds less than 50% of a company’s stock. When it comes to disputes, shareholder disputes are disruptive, time consuming and costly if not effectively managed from the beginning. They can stem from any number of reasons including: * A breach of fiduciary duty * Financial mismanagement * Unfair prejudice * Relationship breakdown * Difference of opinion One of the best ways to prevent or minimise the effects of any shareholder disputes is by having a Shareholders’ Agreement. If you missed it, check out our blog article where we explored the difference between a company constitution and shareholder’s agreement. Read more here: https://lnkd.in/gXNfb8iD #commerciallawfirm #commerciallaw #businesslawyer #businesslaw #shareholder #shareholderagreement #companylawyer #CompanyLaw #corporatelawyer #CorporateLaw #disputeresolution #disputes #disputeresolutionlawfirm

When and How Family Businesses Should Use Shareholder Agreements https://lnkd.in/g66MnKyY #FamilyBusiness #SmallBusiness #Shareholders #Legal #Contracts #CorporateGovernance

Restoring a dissolved company to the Register of Companies at companies house can be crucial for reclaiming assets or continuing business operations. Commercial Litigation Associate Fran Cutler provides a quick guide to the two main methods under the Companies Act 2006: https://lnkd.in/eufwpQ5V #CompanyRestoration #BusinessLaw #LegalAdvice

The death of a shareholder and/or director in a private company is upsetting for loved ones and can cause real business uncertainty. What happens around the management and ownership of a business will depend on the contents of any Will, shareholders’ agreement, articles of association of the company and other legal documents. In this article, our Francesca Jus-Burke and Anna Turner explore the implications of such events from both English company law and estate administration perspectives. Find out more below ⬇ #Shareholders #Directors #CompanyLaw #WealthPreservation

The financial year-end is rapidly drawing near, and numerous commercial transactions are likely to be influenced by this 30 June deadline. Whether you're in the process of buying or selling a business, selling or transferring shares in a company, or finalizing shareholders agreements, it's crucial to act promptly and seek legal advice. This proactive approach can assist you in navigating these transactions more effectively, ensuring you achieve your financial year-end objectives. Each of these transactions or agreements comes with a host of moving parts that need to align by 30 June. It's crucial to complete these tasks on time. Let's tackle these challenges together, emphasizing the urgency and importance of not leaving things to the last minute. Our team has extensive experience supporting local businesses with sound legal advice. Call our commercial team today on 6583 0400 or visit our website https://bit.ly/3mXJ9Cd for some refreshing legal advice you can put into action before your end of year deadline. #commercialaw #portmacquarieawfirm #endoffinancialyear #legaladvice

The Memorandum of Incorporation (MOI) is a critical document for any company, defining the rights, duties, and responsibilities of shareholders, directors and other stakeholders as established by the company’s owners. The Companies Act requires specific content in the MOI to safeguard shareholder interests. To ensure compliance and accuracy from the outset, it is advisable to consult with a specialist familiar with the Act. For professional assistance from #CompanyLaw experts, contact us at (021) 422 1323 or email: info@abgross.co.za #BusinessLaw #CommercialLaw

It’s surprising how many businesses with multiple shareholders operate without a shareholders’ agreement. We strongly advise such companies to implement bespoke articles of association alongside a shareholders’ agreement for comprehensive governance. All companies are required to have articles of association from incorporation, typically adopting the standard form of model articles. These serve as the company's rule book and are public documents filed at Companies House. However, unlike the articles of association, a shareholders’ agreement is a private document among shareholders that delves deeper into the company’s operations and safeguards shareholder interests. For companies with multiple shareholders, adopting bespoke articles of association in conjunction with a shareholders’ agreement can be crucial. These documents cover vital aspects such as: 🔹 How board meetings are conducted 🔹 Declaration of dividends 🔹 Veto rights 🔹 Provisions for departing shareholders A well-drafted shareholders’ agreement not only minimises the risk of litigation but also facilitates quicker resolution of disputes, ensuring smoother operations. Ensure your company is fully protected with expert legal support. Contact us today: ✉️ enquiries@fortunelaw.com 📞 0203 709 9670 #shareholdersagreement #corporategovernance #businesslaw #fortunelaw #companysuccess #legaladvice

In many instances, the interest of the minority (or even majority) shareholders will be blatantly ignored or disregarded. To prevent unfair prejudice, S346 of the Companies Act (“CA”) allows an oppressed shareholder to bring an action against the his/her/its oppressors. Oppression also occurs in a group company context. In this article, Rachel Ng Li Hui (黄礼慧）and Tan Zec Kie shares examples of how an oppressive conduct of a holding company adversely affects the interests of the shareholders in the subsidiary. Read more here: https://lnkd.in/ds-i52Rg #ThomasPhilip #advocate #solicitors #litigation #arbitration #mediation #legal #LegalAdvice #LegalService #LegalServices #GroupCompany #ShareholderRights #CompaniesAct #MinorityShareholders