Why you should have a carefully drafted shareholders agreement.
We were asked to prepare a number of shareholder agreements for various companies which had been set up between 6 different shareholders all with varying holdings in the different business entities. The main business of the companies was the placement of tradesmen and professionals within the construction industry although this could have been extended to other professions upon agreement by all relevant parties.
As part of one of the shareholder agreements it became clear that the company needed to have intergroup agreements with some of its other group companies due to the way in which the business had been organised.
We prepared the necessary shareholder agreements and we also prepared the other necessary inter group agreements between the various group companies.
The issues for resolution when dealing with multiple shareholders centred primarily on the loans made by various shareholder directors to the company and when those would be repaid in addition to the financial controls and framework governing company expenditure.
The shareholders also wanted other matters to be expressly dealt with including the following:
Further, given that these were individual shareholders we also had to cater for what would happen with the shares of a particular shareholder upon his death/bankruptcy.
There were also other agreements which followed from the shareholders including consultancy and directors service agreements which we helped to prepare and put in place.
"Shubha Nath is my go-to lawyer. She provided my department with commercial legal services for the best part of 10 years. She listens carefully to what the business requires, is clear in her explanation of complex legal agreements and frameworks and is incredibly fast at turning round documents. I was so impressed by her I've recommended her company Nath Solicitors to other businesses."Testimonial From Bernard McKeown
"Shubha, I'd just like to thank you for helping me to come to an amicable settlement with my former company co-directors so quickly and effectively. The advice and suggested approach certainly worked very well for me and I also felt a sense of safety and control being mentored through a very daunting process. You are brilliant at what you do and you helped me to cope with a very stressful situation. I would not hesitate to recommend you and Nath…Testimonial From Stephan Hepton
“I would like to thank and recommend Nath Solicitors and Shubha personally for all your professional advice and help. We have a variety of business interests from Medical and Dental to Analytics and Artificial Intelligence; I am extremely impressed how Shubha has been able to advise in all of these fields for a variety of unrelated projects. We have been particularly impressed with hard work, dedication, professional approach and personal touch. Dr Chetan.”Testimonial From Dr Chetan
I live in Saudi Arabia. Although thousands of kilometers separated us, I picked up the phone and talked to Shubha and I asked her to help me in what I believed was a fraud case. She answered gladly. She was smart, honest, and professional; she has been receiving my calls, letters and emails for more than one month did not seem to mind at what time I communicated with her and it was any time and she always responded quickly. Shubha…Dr Aldarwish ( International client)
We are pleased to note our satisfaction with the standard of service, offered to us by qualified and efficient team of Nath Solicitors. This is a Firm with high integrity and strong, traditional, values focusing on providing the utmost levels of customer satisfaction but don’t just take their word for it, take time to review their customer testimonials. Shubha Nath, who has been providing services to our company, has shown how passionate she is about her job and has delivered…MD of Security Company Dispute Resolution Testimonial
Client comment on company incorporation and advice on a shareholders agreement prepared by Shubha Nath. We felt well advised and Shubha protected our interests immaculately and we are truly very grateful to her for all her help in securing our interests. Director Food Company.Director of a Food Company