A shareholders agreement is regularly put in place when a new company is formed, and often when capital is raised, to regulate the commercial relationship between the shareholders. A good shareholders agreement will address matters such as how many directors a shareholder can appoint, how shareholder and board meetings will be held, and how and when shares can be issued and sold. We regularly draft and negotiate shareholder agreements for our clients.
CORPORATE INVESTIGATIONS AND LITIGATION
The Corporations Act 2001 (Cth), together with the associated regulations, is a complex piece of legislation. We have experience advising clients on a wide range of issues concerning the legislation, and have assisted clients with corporate investigations into matters concerning corporate fraud, examinations of directors in the Supreme Court of New South Wales, and other legal matters that arise under the corporations law.
DIRECTORS DUTIES and shareholder disputes
Directors have special obligations that arise under the common law and the Corporations Act 2001 (Cth) that affect how they can exercise their powers as directors. These obligations are commonly known as directors duties. We regularly advise directors on their legal obligations and have experience bringing legal action on behalf of shareholders against directors for breach of their duties.