- Original Poster
- #1
If a business with two equal shareholders goes into deadlock , can one side petition the court to buy the other side's shares ?. I was speaking to a friend , she told me liquidation is more likely.
Petition the court to buy shares
- Thread starter Mike wells
- Start date
No.
That's why people should take advice before starting a limited company ...and should have a shareholders agreement right from the start.
<sigh> Is she an expert in corporate law? No? Then go get professional advice!
And, yes, it will cost more now.
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The Court can appoint a Receiver to act. That's going to get very expensive. Better for an agreement to be reached one way or another...
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