Merovitz Potechin LLP
300-1565 Carling Avenue
Ottawa, ON K1Z 8R1
Disputes happen despite good intentions at the outset of a business relationship. Commercial disputes can be disruptive to the management, growth and success of your business and can result in negative financial repercussions.
At Merovitz Potechin LLP, we let you focus on what is most important to you — running your business — by working with you to find efficient and effective solutions to disputes. Your business has goals. Our goal is to help you resolve your dispute so you can focus on what matters — your business. We have decades of litigation experience that will help us find cost-effective strategies.
Since 1976, our law firm has been helping clients in Ottawa and across Ontario address and resolve commercial legal disputes. Our lawyers have extensive experience advising clients in all aspects of commercial disputes and litigation, including disputes involving:
We are here to help you explore your legal options and find a suitable resolution. Your business goals are important to us. We will guide you through this process and work toward a solution that fits your needs and goals.
Learn about how our law firm can help you. Schedule a consultation with us by calling 613-563-7544 or contact us online.
Q: I own 10% of the shares of a corporation and my friend owns 90% of the shares. We both work for the Corporation and each receives $60,000 per year in salary. He has decided that to raise his salary to $100,000 even though I don’t think that is fair. He said he has control of the corporation and can do what he wants. Is that true?
A: Even though your friend has control of the corporation there are limits to what he can do. He cannot act in a manner that is oppressive to you. Raising his salary by $40,000 without justification could be found by a court to be oppressive and a court could force him to pay back his excessive salary and could even order him to buy your shares at fair value, if you wanted to sell them.