Shareholder agreement for a business project
30 September, 2022
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We have completed work on a project for our Client, the purpose of which was to develop an equity agreement for a business project for the acquisition and commercial use of marine vessels
Lawyers prefer such types of projects. Why? Because this is the birth of a partnership, a new business project or a new business.
More and more our clients understand, why should they formalize their partnerships ashore, and finally they get satisfied with the work performed. In fact, this is “what if” forecasting, and partners scroll through various situations in advance and agree thereon. English law is a great tool, while its flexibility and capacity will allow you to describe and to regulate almost everything that partners may need both today and in future.
Despite all the changes, foreign holding & shareholder agreements under English law are still used for business projects. While building holding schemes today, changes in tax legislation should be taken into account.
Such agreement shall fix functions and obligations of partners, business financing, profit distribution, withdrawal from the business, deadlock settlement and legal succession of shares.
It should be noted also that all agreements between the parties are confidential, in contrast to provisions of the Articles of Association. This is one more doubtless plus in favor of signing shareholder agreement.
Interlegal lawyers will develop an agreement for your business project with great pleasure, in view of all the nuances. Interlegal partner Irina Voyevodina and associate attorney Marta Sverdlykivska led the project.
