China trade business

A shareholders` agreement can be prepared at relatively reasonable prices and saves a considerable amount of attorney`s fees and litigation on the line. Where no valuation method has been established in the agreement, it is often impossible to get two parties to agree on a value at a later date. This is particularly relevant when an existing party sells to another existing party, given that buyers and sellers are on opposite sites. Disputes between shareholders and different experts involved in determining value are unfortunately common. This is particularly important in the context of BEE operations, where the new Companies Act does not require the subscribing party to provide large sums of capital in advance, but can be paid over time or, alternatively, the new shareholder can provide other benefits or services. If the moI does not limit the powers of the directors, it will reduce the time and costs associated with the execution of this type of transaction, since it is not necessary to obtain the agreement of the shareholders. The shares are therefore held in trust by a third party for an agreed period or under certain conditions of the fiduciary contract and transferred to the intended beneficiary as soon as payment is made, the value or benefits have been received or services are provided. . . .