Quick qn:- if someone owned 50% of a start up (no cash investment), and was subsequently prosecuted by SFO for a 6-figure fraud on that business, could they put in a financial demand to be paid for the value of the 'goodwill' of that business?
The response we are preparing could be paraphrased as fuck off to the far end of fuck and then fuck off some more. But wasn't sure if he had a claim in law. Any ideas?
We have no idea if there exists any legal specialisation that can advise on the separation of a business when one for the founding parties goes to prison for faud on that business. We are happy to split out the cash value of the assets, btw, but not some mythical goodwill that could never be realised. Business cannot be sold because only 'asset' is the talent of the (honest) remaining revenue generating partners, who want to go and join a separate joint venture doing similar stuff, taking some of staff and one of the clients with them.
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Fraud and ongoing business ownership
5 replies
Toapointlordcopper · 09/08/2014 17:15
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