Business disputes can arise despite the best intentions of the parties involved. More often than not these disputes have the potential to derail and disrupt a company or partnership and if not dealt with quickly and discreetly can have a long-term impact on the growth and success of a profitable business.
Shareholder disputes arise in a variety of contexts and it is important shareholders understand their rights and options for dispute resolution prior to litigation. In cases where shareholder disputes cannot be resolved through negotiation, mediation, and/or arbitration, litigation may be the only option.
Shareholders in a corporation have a variety of remedies available under the Ontario Business Corporations Act and the Canada Business Corporations Act. The oppression remedy is perhaps the most powerful remedy and can be invoked when there has been conduct that is either unfair or prejudicial to the interests of security holders, creditors, directors or officers of a corporation. In the event that oppression has been found, the court has wide discretion to order remedies to cure oppressive conduct.
Partnership disputes have the potential to disrupt and interfere with the day-to-day operations and continued growth and success of a venture. In Ontario the Partnership Act governs partnerships and unless a formal partnership agreement is entered into, the Partnership Act determines the rights and obligations of each partner. In the case where a partnership dispute cannot be resolved through negotiation, mediation and/or arbitration, litigation may be a partner's only option.
The lawyers at Chand Snider LLP let you take the focus away from a dispute and get back to what is most important, running your business. Our lawyers work with you and have extensive experience advising clients in shareholder and partnership disputes.
Our lawyers represent shareholders, partners, owners and creditors that are involved in disputes over the control and ownership of their businesses. We provide advice on issues that may lead to legal disputes, which includes both internal and external matters, that involve your business.
Our lawyers work with you to explore and analyze all of your legal needs. Not only will we guide you through the legal process, but we will tailor an approach that fits with your needs and goals.
To learn how our law firm can help you, please schedule a consultation by calling 416-583-2377 today.