How long will action to enforce my rights as a shareholder take and what will it cost?

 

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20. How long will action to enforce my rights as a shareholder take and what will it cost?

As this depends on the circumstances and the type of action, it is difficult to be specific.

At one extreme, the Law Commission records a case which, when it reached the courts, took 43 days of court time and cost £320,000 even though it concerned shares valued at only £24,000. On the other hand, a mediated settlement might be reached in a day at a cost closer to £1,000.

Bear in mind the importance of ensuring that the money will be there before taking any action. For example, there is little point in pursuing an insolvent company or director.