Minority shareholders may be prejudiced by majority shareholders due to lack of voice. The Companies and Other Entities Act (Chapter 24:31), (“the Act”), provides for the protection of minority shareholders
© 2024. Hofisi & Partners
Shareholders A company’s shareholders or members are the owners of the business. They appoint directors, also called the board of directors. The board plays an oversight role by, inter alia,
Origins of shareholder disputes Disputes by co-shareholders in a business or partners in a partnership or joint venture are common. Differences by shareholders, if not resolved on time, may degenerate
This article is in addition to the one explaining properties held under title deeds or cession. It gives pointers on how a holder of cession rights over a property may
Many people could be going through financial emergencies and related stress made worse by the COVID-19 pandemic which has slowed economic activity down. Its effects may continue for some time
A deal and contractual provisions A deal, in simple terms, can be described as an agreement entered into by two or more people or parties establishing a business arrangement for
Bank loans, also known as borrowing facilities are a long established way of financing a business for both working capital and capital expenditure if the tenure is short term or
Bank borrowings, also known generally as loans are a long established way of financing a business. When an organisation or individual borrows from a financial institution such as a bank
Every year end there is anxiety when the Minister of Finance presents the national budget proposal in Parliament for the following or ensuing year. If approved this budget proposal becomes
During periods of economic uncertainty a business should prioritise its survival. In the current situation there is global uncertainty brought about by the COVID-19 pandemic. Some of the challenges emanating
