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 outcome:

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.