There are various options, including:
- Proposing a resolution at a general meeting which redresses the situation.
- Asking the Department for Business, Enterprise and Regulatory Reform to investigate the conduct of the company and/or its directors.
- Complaining to the police of any criminal acts.
- Using a mediation service to settle a dispute.
- Asking the board of directors to take action in the company's name against an individual director (or launching a "derivative claim" yourself in the company's name).
- Applying to the court for an order that the company is acting or has acted unfairly (a so called "unfair prejudice" action).
- Apply to the courts for the company to be wound up.
- Suing the directors for negligence.
If you do plan to take any legal action yourself, take professional advice at an early stage on the best option, the likely outcome, and the likely timescales and costs (see 20).
