Arbitration, Mediation, and Litigation: What Businesses Need to Know Before Entering a Dispute
When business disputes arise, many companies assume they’ll be headed to court. But in today’s commercial landscape, an increasing number of contracts include arbitration clauses, which require parties to resolve disputes privately, outside the courtroom. There are also many instances when voluntarily engaging in mediation or arbitration has advantages over litigation. Below is a […]
Understanding Books and Records Requests Under Illinois Law
Illinois businesses—whether structured as corporations, partnerships, or limited liability companies (LLCs)—must maintain accurate and accessible records. Stakeholders, including shareholders, partners, and members, have the right to request access to these records for review and verification. Access to a company’s books and records is an essential right for shareholders, members, or partners; this access allows you […]
Protecting Your Business and Keeping the Competition Honest Online
The Illinois Uniform Deceptive Trade Practices Act (815 ILCS 510/1) is a lesser-known Illinois statute that can help protect your business from a competitor’s unfair tactics. For example, perhaps your former business partner may advertise your reputation or successes as their own. Or, perhaps a competitor lied about their product quality or service success to […]
Partnership Disputes: What to do if a business partner steals from the business?
You are a partner in a partnership and suspect your partner is stealing from the business.Alternatively, perhaps you are a member/manager of an LLC and suspect a member/manager isstealing from the business. This situation requires action. This article is here to empower youwith knowledge of your options. Types of Theft 1) Breach of Fiduciary Duty […]
Tensions Surge as Management Conflict Intensifies at Getir Delivery App Following Executive Departures
A power struggle at grocery delivery giant Getir intensifies as the company shuts down foreign operations while shareholders clash over key management positions. This ongoing conflict highlights the complex dynamics that can arise in corporate governance and business disputes, particularly with substantial investments and strategic pivots. The recent dispute between Getir’s Turkish founders and its […]
Hall & Oates’ Fierce Legal Battle: Allegations Of The “Ultimate Partnership Betrayal”
Daryl Hall and John Oates have initiated legal proceedings against each other, shedding light on the breakup of their iconic musical partnership. Ultimate Partnership Betrayal The ongoing partnership dispute between Hall & Oates recently reached a pivotal moment. Daryl Hall filed court documents accusing his longtime business partner, John Oates, of blindsiding him with a […]
Four Brothers Secure A $7 Billion Verdict Against Fifth Sibling Over California Apartment Holdings
After a lengthy trial spanning five months in Los Angeles Superior Court, a jury awarded a $7 billion verdict to four brothers who alleged their fifth sibling violated an oral family partnership agreement. The verdict, rendered on Monday, marks the culmination of a lawsuit that began in February 2003. The siblings, all from India, initially […]
When Do You Need a Real Estate Litigation Lawyer?
Commercial real estate transactions are significantly different from residential deals. While some legal concepts are similar, commercial real estate transactions are more complex. High-stakes commercial real estate litigation affairs often involve contentious disputes when parties disagree. You may be wondering when you need to hire an attorney, and the answer to this question is twofold: […]
How Do You Resolve Trust Disputes?
Learning that you have been named a beneficiary in a trust is usually a welcome surprise that can change the quality of your life and the life of your children and grandchildren. However, trust disputes can turn the experience into an agonizing feud between the other beneficiaries, who are often close family. We explore the […]
Alternative Dispute Resolution: What is it and How Does it Work?
Alternative Dispute Resolution: What is it and How Does it Work? Oftentimes, those involved in a dispute agree to a proceeding where a neutral party can assist them in reaching an agreement. This proceeding, which helps avoid further litigation, is called an alternative dispute resolution, or ADR. Whether it takes the form of arbitration, mediation, […]
