CNPLaw speaks on the use of shareholders’ agreements for business succession planning

Events

 

CNPLaw speaks on the use of shareholders’ agreements for business succession planning




Published: 25 February 2019




 

CNPLaw, formerly known as Colin Ng & Partners LLP, gave a talk on the topic of business succession planning with a focus on shareholders’ agreements on 21 February 2019 at a seminar hosted by Mr Lau Ming Kwang, an executive financial consultant from AIA Financial Advisers specialising in estate and succession planning. The talk highlighted the potential issues arising from failure to address business succession, the benefits of having a shareholders’ agreement and the key considerations in preparing a shareholders’ agreement. The seminar was followed by a Q&A session and was well attended by participants from various industries.

Do drop us a note at event@cnplaw.com if you wish to take part in any of our upcoming legal seminars.


Hazel Ho Senior Legal Associate at CNPLaw LLP

    Senior Associate
    Hazel’s practice focuses on cross-border M&A, joint ventures, private equity and general corporate advisory. She has over 10 years of experience working in-house and in private practice. Hazel has been recognised as a “Notable Practitioner” for Corporate and M&A practice by IFLR1000 in 2019, 2020 and 2021. Hazel is also named in the Singapore Business Review as one of Singapore's 21 most influential lawyers aged 40 and under in 2020.


    Every business involves an amalgam of various stakeholders, such as investors, shareholders and directors. Ideally, each of these stakeholders should have a common vision of what is best for the company. However, this is rarely the case when individual interests are factored into the equation.

    Stakeholder conflicts (regarding issues such as breaches of fiduciary dutiesderivative actionsshareholder oppressionmanagement deadlocksmanagement compensationdividend payments and buy-outs) can be a thorny issue and can leave a company crippled if not addressed promptly.

    Given the diversity of interests at play, we appreciate that a multi-faceted approach is usually the most cost-efficient method of resolving stakeholder conflicts. Therefore, we provide clients with ready access to an integrated team of lawyers (combining the experience of our corporate, dispute resolution and employment law practices where applicable) who will effectively engage the relevant stakeholders in discussions on how best to resolve their differences amicably.

    More often than not, clients are able to avoid costly protracted court proceedings and resolve stakeholder conflicts with discretion and expediency.