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Removed as a company director

  • EmilyKay2020
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18 Feb 21 #515839 by EmilyKay2020
Topic started by EmilyKay2020
Hi, me and my soon to be ex jointly owed a Ltd company to rent a house. Both directors 50/50. I found out he removed me as a director and as an officer 3months ago. I had no idea. We are due to have the financial disclosure in March and the first hearing in May. What can I do to protect this marital asset and what is that he can do as a sole director by May?
Thank you

  • .Charles
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18 Feb 21 #515840 by .Charles
Reply from .Charles
You should seek advice from an employment lawyer as that is an issue which needs to be resolved. It may be that you didn't have much involvement in the running of the business but as a 50/50 shareholder you are an equal owner and as a starting point half of the value of the business is yours.

Depending upon the size of the business you may also need to seek advice on possible litigation regarding the director's dispute, fiduciary duty, misuse of funds and loss.

Charles

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