Our team represented the client in a shareholders dispute. The claimants (three German investors) had acquired 50% of the shares in the company where our client was acting as CEO. They requested our client to hand over documents related to the financial statements of the company. The client did not oppose such request, however, they did ask the claimants to sign a confidentiality agreement because the information was not meant to be disclosed publicly. The claimants did not agree to sign the confidentiality agreement and submitted a claim requesting the Court to declare our client guilty of infringement of shareholders’ rights and put him under an obligation to pay a fine.
The Court agreed with the arguments put forward by our team and declared the client not guilty, as the Court had not found any infringement of shareholders’ rights in the actions of our client.