Conflicts and disputes, unfortunately, are unavoidable in every
business operation. As it comes to shareholders, issues that relate
to, inter alia, the management of the company by the directors, the
distribution of profits, the exercise of control, or the service of
personal interests that may contradict the company's affairs
usually lead to an escalation of disputes and can interfere with
the rights of other shareholders or even place at risk the
operation and the best interest of the company itself.
Shareholders, as the owners of a company, have an array of legal
rights and obligations in relation to the company, which flow
principally from both contract law and statute, under the Companies
Law (Cap. 113). The regulation of such rights and obligations, in
advance, is the key to eliminating or at least limiting the
possibility of any disputes arising between the shareholders.
However, in the unlikely event that any conflicts and disputes
arise, Cyprus Law provides
