The claimants responded, arguing that the Side and Shareholders' agreements
expressly gave priority to the terms of those agreements in the case of any conflict with the MOA; the default term in the MOA and Commercial Companies law would necessarily mean that disputes with companies registered in Ajman would have to be heard in Ajman, regardless of jurisdictional clauses in relevant contracts; and in accordance with the DIFC Courts' own findings in cases like Standard Chartered Bank v IGPL  CFI 026, the DIFC Courts were courts of the UAE for the purposes of the MOA and, by implication, the Commercial Companies Law.
International Handbook on Shareholders' Agreements
: Regulation, Practice and Comparative Analysis
Formalized by means of the Brazilian Law of Corporations, in 1976, and widely used by Brazilian companies, shareholders' agreements
(SAs) are pacts concluded between two or more shareholders, whose goal is to agree on the direction of the relationship between its members.
prevent sit-|uations where changes in one shareholder's personal circumstances can have a material impact on the company or other shareholders, safeguarding each shareholder's financial interest in the company and the interest of the shareholder's family in the event of a death.
can save both a friendship and a business.
Joint ventures & shareholders' agreements
, 3d ed.
regulate the dealings between shareholders and put in place a framework through which the ongoing relationship between them can be managed.
Our group has already executed a number of projects in the past and now in partnership with Qatari Diar we are confident of doing one better." Under QD SBG Group name, Qatari Diar and Saudi Binladin Group also signed two additional shareholders' agreements
with Barwa Real Estate Company and The First Investor Company to establish the construction and industrial services companies.
The article highlights only some of the relevant issues surrounding the implementation of shareholders' agreements
. General When more than one party is acquiring a business or when a single party is acquiring an interest in a private company, there is a need for a shareholders' agreement
to govern the ongoing relationship of the owners and to provide exit mechanisms to enable one party to dispose of its interest, particularly if the deal does not work out as planned.
Black Country law firm Higgs & Sons is advising people wishing to sell shares in private limited companies to look closely at the articles of association and shareholders' agreements
after new ethical standards for auditors came into force earlier this year.