Tie-Breaker in Shareholders Agreement Defeats Deadlock Dissolution Petition

This week's New York Business Divorce highlights an unusual corporate dissolution case in which a tie-break provision in the shareholders agreement of 50/50 shareholders gave one of them the decisive vote in the event of board deadlock, which in turn doomed the other's deadlock dissolution petition.

Tie-Breaker in Shareholders Agreement Defeats Deadlock Dissolution Petition, tie break

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Who serves first in a tiebreak?, tie break

Tie-Breaker in Shareholders Agreement Defeats Deadlock Dissolution Petition, tie break