Co-founder wins BD20,000 after board ousting
TDT | Manama
Email : editor@newsofbahrain.com
A Bahraini co-founding partner has been awarded BD20,000 in damages after being removed from the board of a company he helped set up, denied his salary, and shut out of its records in breach of the original agreement.
The High Civil Court of Appeal ruled that his fellow shareholders had frozen him out of the business two years after it was established, despite a signed agreement granting all partners equal shares, joint decision-making powers, and monthly pay under formal employment contracts.
Trouble
According to his lawyer, Hussain Salem, the trouble began when the other co-founders stopped sharing company documents and refused to give his client access to the books.
When he pressed for transparency, they voted to expel him from the board and ceased paying his salary altogether.
Related Posts