"Advice regarding dispute resolution between the major shareholder and the second-largest shareholder (CEO)."

The major shareholder, holding more than a majority of the shares, effectively controls the company and can be considered to possess it. The second-largest shareholder, trusting a verbal promise from the major shareholder guaranteeing complete management authority, purchased shares from the major shareholder and subsequently joined the company as a representative director. However, the major shareholder operated the company as they pleased, and the second-largest shareholder had no management decision-making authority, leading them to consider retirement. However, the major shareholder abused their authority, making it difficult for the second-largest shareholder to retire.

Therefore, Law firm Veat, acting as an attorney for the second-largest shareholder, 1) reviewed existing contracts signed as a representative director to identify legal risks, 2) proposed solutions to minimize those risks, and 3) facilitated the second-largest shareholder’s retirement by negotiating with the major shareholder to ensure the most favorable terms for the sale of their shares. This case is a testament to Law firm Veat’s extensive experience, successfully resolving a difficult matter with ease.

Thank you.

Law firm Veat