Contractual Disputes (Directors) Case Studies
Rescinding an agreement after untrue financial promises made
We were asked to act for two directors and their two companies in a case where they were seeking to rescind an agreement that had seen their family company taken over by a competitor on the basis that financial promises made to them by their competitor were wrong.
When they discovered the financial promises were untrue, they used self-help to try and establish themselves in other companies and, in doing so, breached terms of the takeover documents.
The matter did not settle at mediation and the claim and cross-claim are due to be heard by the Court later on in the year.
If you need advice and help with a dispute, contact us today.