Regaining Control As Partner

Summary

Silent partners in New Zealand can address financial discrepancies by reviewing partnership agreements, consulting commercial lawyers, and considering mediation or arbitration to resolve disputes efficiently. Shareholders have rights such as inspecting records, derivative actions, and seeking court intervention for oppressive actions.

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New zealand
To regain control and address the issue of money being stolen as a silent partner in New Zealand, you can:
- Review the partnership agreement for any clauses on dispute resolution or rights of silent partners.
- Consider involving a forensic accountant to investigate.
- Seek mediation or arbitration if the partnership agreement allows.
- Legal action is an option if theft is proven.
Would you like information on how to proceed legally or details about local legal services?
We have accounts books that go back 10 years to aid us
To proceed legally, with 10 years of account books, you should:
- Gather all evidence of discrepancies.
- Consult a commercial lawyer for advice on possible legal actions.
- File a police report if theft is confirmed.
Would you like information on any specific legal services or how to find a commercial lawyer in New Zealand?
It’s a multimillion dollar company is there anyway to not have this drag out in court for years?
To avoid lengthy court battles, consider these steps:
- Mediation or Arbitration: These are faster than court proceedings and can resolve disputes privately.
- Settlement Negotiations: Aim for a settlement agreement to address the stolen money without going to court.
Would you like more detailed information on mediation or arbitration services in New Zealand?
What rights do share holders have if the directors of the company don’t have the share holders best interest at heart?
Shareholders in New Zealand have several rights to protect their interests:
- Inspection of Books and Records: Shareholders can inspect company records.
- Derivative Action: Shareholders can bring a lawsuit on behalf of the company.
- Oppression Remedies: If the directors' actions are oppressive, unfairly prejudicial, or discriminatory, shareholders can seek court intervention.
- Removal of Directors: Shareholders can vote to remove directors through a resolution.
Would you like more detailed information on any of these rights?
The company’s owned by two families and the silent partner are getting the worse end of the deal. We’re talking 10s of millions over 10 year period
It seems like a serious situation with significant financial implications. To proceed effectively:
- Review the partnership agreement for dispute resolution clauses.
- Gather all evidence of financial discrepancies.
- Consult a commercial lawyer for legal advice.
- Consider mediation or arbitration to avoid lengthy court proceedings.
Would you like assistance in finding a commercial lawyer or more details on mediation services in New Zealand?