Q&As

What remedies are available to a director shareholder of a limited company who is one of three directors, each of whom own a one-third share in the business, and one of the other two director shareholders are excluding them from the business (including by changing the locks to the business property and removing access to the company’s joint account)?

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Published by a UUÂãÁÄÖ±²¥ Dispute Resolution expert
Published on: 27 November 2019
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Is it possible to obtain Injunctive relief?

An injunction is a discretionary remedy that takes the form of a court order and which requires a party to either refrain from doing something (prohibitory) or to specifically do something (mandatory). The courts are, generally, more willing to grant prohibitory injunctions than they are to order mandatory injunctions. An injunction is typically a temporary measure put in place pending the outcome of proceedings between the parties. They are generally only appropriate when the respondent’s alleged continued wrongdoing is likely to cause irreparable harm to the applicant’s interests before the issue is resolved at trial, which could not be adequately compensated by Damages. For more information on interim injunctions and the legal tests which the courts will

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United Kingdom
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Key definition:
Joint account definition
What does Joint account mean?

A joint account is a particular account in a bank where a sum standing to the credit of a joint account is a debt owed to the creditor jointly and is not enforceable by any of the joint account holders on his own.

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