In his interview with a Forbes journalist, Andrey Kozlov, RussianLegal’s Managing Partner, commented on the corporate conflict around the café franchise named Double B where its majority shareholders had diluted the share held in its charter capital by Anna Tsfasman, its founder, to effectively remove her from the management.
According to the company’s owners, they decided to make additional contributions to the company’s authorised capital to cover the losses allegedly caused by Ms Tsfasman’s actions. As a result of those contributions, her share declined to a miserable level.
According to Mr Kozlov, Ms Tsfasman’s case is a classic example of a corporate war where qualified majority shareholders use legal tools to drive their partners out of business.
For more details, please read the related Forbes investigation here.