Soteris Pittas & Co LLC is a boutique law firm, in size only, focusing on the areas of law related to business activity and dedicated to providing its clients with outstanding, highly personalized, legal representation.
The lawyers and associates of the firm with their combined skills-set and knowledge can provide comprehensive legal solutions according to the clients’ particular business needs, requirements and objectives. We are committed to representing our clients at all stages of disputes, including negotiation, mediation, arbitration, and litigation, in order to secure just compensation and legal vindication.
The leading English case on the above issue is the famous case EBRAHIMI -V- WESTBOURNE GALLERIES LTD (1973) AC 360, in which it has been inter alia held...
The leading English case on the above issue is the famous case
EBRAHIMI -V- WESTBOURNE GALLERIES LTD (1973) AC 360, in which it
has been inter alia held, that the imposition of equitable
considerations requires one or more of the following elements:
(a) An association formed or continued on the basis of a
personal relationship, involving mutual confidence (i.e. this can
be found where pre-existing partnership has been converted into a
limited company);
(b) An agreement or understanding, that all, or some, of the
shareholders, shall participate in the conduct of the business;
(c) Restriction upon the transfer of the shares of members of
the company, so that if confidence is lost, or one member is
removed, or excluded from management of the company, he cannot take
out his stake and go elsewhere.
(d) Existence of shareholder's agreement regulating rights
and obligations of members of the company.
