familybusiness

20

Dec

2023

Going Into Business with a Loved One? Don't Dispense with Legal Formality

Roy Colaba's picture

Written by Roy Colaba

Couples who run businesses together are often tempted to dispense with paperwork and rely solely on trust. As a High Court ruling showed, however, any relationship may come to an end, leaving both sides wishing they had taken a more formal approach...

27

Apr

2023

Minority Shareholder in Family Business Succeeds in 'Unfair Prejudice' Claim

Heleena Gandham's picture

Written by Heleena Gandham

Minority shareholders may have limited managerial influence but they are very far from powerless and have rights that must be respected. The High Court made that point in coming to the aid of a man whose dividends were unjustifiably suspended...

20

Jul

2021

High Court Acts to Protect Rights of Minority Shareholder in Family Business

Dean Parnell's picture

Written by Dean Parnell

Family-run enterprises represent an enduring and highly effective business model – but only for so long as trust and affection between board members persists. In one case, discord between a father and son required High Court intervention to restore...

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