For what is becoming an annual fixture in the LES NSW calendar, we continue the journey from idea to market and what happens to prevent a venture from being successful. This year we will explore another reason why ventures often fall apart – the wrongful actions of a participant who seeks to 'steal' key elements of the venture for their own benefit.
What rights and obligations do directors and shareholders have in the context of a closely held group of private companies that house the IP and operations of the venture? What can the 'wronged' person do to protect the venture, and their own interests, if the worst happens? Are there things you can do to reduce the risk of a rogue having the opportunity to take everything of value for themselves?
This session will provide attendees with an overview of the common sources of obligations owed by venture participants of a closely held group of companies involved in an early stage venture, and how many of the risks inherent in such an arrangement can be identified and managed. Time will then be spent examining the rights and remedies available when someone involved 'goes rogue' and takes steps to take advantage of the key parts of the venture for themselves. These issues will be explored by working through a case study specifically designed for entrepreneurs, investors and professionals involved in commercialisation and licensing.
Chair:
Gavin
Stuart, Executive Lawyer, Bartier Perry
Speakers:
Ben Katekar – Barrister, New Chambers
Raymond Tai, CEO, Business Innovation Group
Date:
Wednesday 20 September 2017
Time:
5.45 - 7.30PM
Venue:
Bartier Perry - Level 10, 77 Castlereagh Street, Sydney
To book click HERE.