Detail of webinar for “How to Resolve Company Internal Conflicts ”
This webinar session will be held on Friday, 23th December from 18:00 Japan-time. More details can be found below, including details for registering, and the dates/topics for future webinars.
If you are interested to join, please feel free to contact us.
About the webinar
| Date | Friday, 23th December PM 6:00 – 7:30 (JST) |
|---|---|
| Language | Japanese |
| Fee | Free of charge |
| Register | E-mail : info@kslaw.jp |
Topics
How to Resolve Company Internal Conflicts
When company directors disagree with each other, they usually try to resolve their differences and settle the dispute through discussion. However, if a resolution cannot be reached through discussion, it may be necessary for either party to voluntarily resign from the company, or for the majority of directors to force the minority directors to resign in order to resolve the dispute.
Even in the case of a company’s internal disputes, the usual course of action is for the directors to resign by not being reappointed at the expiration of their terms of office. However, in cases of urgency, it may become necessary to remove the director in question in the middle of his or her term of office.
In addition, if the problem is not with the ordinary director but with the representative director, the board of directors will have no choice but to remove the representative director by resolution of the board of directors. The dismissal of a representative director is carried out by a resolution of the board of directors, but the composition of the board of directors is ultimately decided by a resolution of the general meeting of shareholders, so it is not enough for the party that dismissed the representative director to simply dismiss the representative director; it must also ensure that a majority of the shareholders at the subsequent general meeting of shareholders approve the dismissal. The party dismissing the representative director must ensure that the majority of shareholders will vote in favor of the resolution at the subsequent shareholders’ meeting.
In cases such as joint ventures, where the opposing shareholders each own half of the capital, a so-called deadlock situation may occur. In such a case, unless a solution can be reached through discussion, the company’s operations may become stuck and eventually lead to a situation of bankruptcy. In order to resolve the deadlock situation, one of the parties must purchase the shares of the other party.
This seminar is open to everyone, so please register if you are interested in drafting an English-language contract. We will send you the URL to join the ZOOM conference.
We hope many people who are interested in this seminar will join this seminar.
If there is anything else Kuribayashi Sogo Law Office can support with at this time, please let us know. We look forward to welcoming you.