Shareholder Dispute Lawyer

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BREACH OF FIDUCIARY DUTY

All parties involved in a company owe various legal duties to that corporation and the other parties that are involved in the company. Such duties might be specifically set out in contractual arrangements that those parties have signed off with the company or is set forth in statute (i.e., the Ontario Business Corporations Act), while others exist irrespective of whether or not the party has signed off on it in writing. These latter duties arise as a result of the common law and are known as fiduciary duties. Such fiduciary duties demand that the actions undertaken by the parties not be detrimental to the company and its other stakeholders, with certain limitations associated therewith. Depending upon the specific action that is sought to be undertaken and how it might impact the company and its stakeholders, it is essential to consider with knowledgeable legal counsel whether it potentially might constitute a breach of that party's fiduciary duties, even though it might not be set out in writing (i.e., a contract, statute, company by-laws).

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At Neufeld Legal P.C., we undertake significant and complex shareholder disputes, amongst shareholders or with the company, its directors and officers, whether in New York City, Toronto, Calgary or elsewhere. Contact us at Chris@NeufeldLegal.com or as follows:

Calgary, Alberta: 403-400-4092 (admission: Alberta Law Society)

Toronto, Ontario: 416-887-9702 (admission: Law Society of Upper Canada)

New York City: 646-681-4491 (admissions: New York State Bar, Southern and Eastern Districts of New York - United States District Court)

 

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