The appellate court prevented the unjustified misappropriation of the shares

Our Dispute Resolution team represented a third person in support of the defendant in a case in which the plaintiff sought to register him as a shareholder of the defendant (a company). The plaintiff based his claim on the share purchase agreement signed by the defendant’s shareholder and the plaintiff and argued that he had paid the share price provided for in the agreement. Defendant, for its part, filed a counterclaim for the nullity and invalidity of the share purchase agreements entered into with the plaintiff and our client.

Together with the help of our client, the defendant succeeded in convincing the courts of first and appellate instances that the said share purchase agreements were fictitious, the share price had not been paid under these agreements and that the agreements had been concluded solely as a guarantee for the performance of other obligations of the same parties.

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