Pero puts himself in peril

Pero puts himself in peril

New Zealand business is sustained in large part by people getting into business together and sharing their expertise.  We often advise clients on shareholder and joint venture agreements and the obligations that come with getting into business with other people.  It doesn’t always go to plan and in Mike Pero’s case he found out that when it doesn’t you can’t ignore your obligations to your fellow shareholders and act in your own self-interest (in his case giving himself a healthy pay rise that the High Court has ruled he now has to pay back).  See this link to read the full case – https://forms.justice.govt.nz/search/Documents/pdf/jdo/a3/alfresco/service/api/node/content/workspace/SpacesStore/eef100d6-61a4-4f33-b0c4-66841127d327/eef100d6-61a4-4f33-b0c4-66841127d327.pdf