Shahid Law Firm has successfully represented a leading tourism and real-estate company and its majority shareholders in connection with an extremely interesting corporate investigation initiated by the minority shareholders in an attempt to trigger the liability of the board of directors.
Our corporate team was able to convince the competent regulatory committees that with every minority protection right comes a corresponding responsibility which the shareholder must carry out diligently. The regulator’s report issued in favor of Shahid Law Firm’s client is not only important for corporate governance and directors liability matters, but it is also important for any legal verification and assessment for compliance and related parties transactions. Following a thorough review and consideration of Shahid Law Firm’s responses, the regulatory inspection committee and the appointed experts committee, both decide to reject all alleged violations against the company’s board of directors representing the majority shareholders.
Shahid Law Firm’s team working on this matter was led by Partner, Dr. Michael Boutros , Associate Moamen H. AbdelMoamen and Capital Markets Specialist Mohamed Abd El-Halim.
We would like to congratulate our client and the team on this achievement!
