Breaking the Deadlock
Many New Zealand companies are established by partners who have a shared vision they hope to turn into a successful enterprise. Often, the stress associated with running a business or changes in personal circumstances lead to disharmony and disagreements over the future strategic direction of the company. This can be exacerbated where the partners have equal control of the company, which results in a “deadlock”. This invariably causes the business to run into financial difficulty and the parties’ initial optimism quickly turns to bitterness.