Shareholder Dispute Resolution

Summary

Shareholders alleging financial misconduct without evidence and withholding payment for shares can lead to complex legal disputes. Review the signed agreement to understand your rights and obligations. Document all communications with shareholders and consider sending a formal notice demanding payment. Consulting a solicitor can provide crucial guidance on handling contract disputes and potential blackmail.

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Niall
Hi Niall! How can I assist you with your legal issue today?
I am a shareholder of my business and my other shareholders are claiming they have proof of me taking money from the company but will not show me the evidence. The agreed to buy my shares for 150k and i signed a deal but they did not pay me. 6 months on i have still not being paid and now they are trying to blackmail me into signing a document to say i will transfer the funds for free or else they will sue me.
That sounds like a serious situation, Niall. It's important to address it carefully. Have you considered consulting a solicitor to discuss your options, especially regarding the signed agreement for your shares? Legal advice can be crucial here.
Not yet
Niall, dealing with such a complex situation involving contract disputes and potential blackmail can be challenging. Here are a few general steps you might consider:
- Review the signed agreement to understand the terms and obligations.
- Document all communications with the other shareholders.
- Consider sending a formal notice demanding payment.

Would you like assistance in connecting with a local solicitor who can provide more detailed advice?