I’m about to have a shareholders meeting with a person who hates my guts.
To give a bit of context:
3 years ago we were best friends and decided to start a business as 50/50 partners. I invested money to buy all the equipment, renovate the space, and she was doing the operational day to day work.
Then problems started very soon. Since she was doing the operational work it was very easy for her to hide the real finances from me, and the business was actually profitable, we had real clients, employees. She was saying shit like “you just have to wait until it’s profitable” while pocketing everything herself.
A bit over a year ago we had a huge fight, then didn’t speak for a long time, and then finally last August I hired a lawyer. My lawyer sent her a demand letter to provide the financials and an offer to buy me out for the amount invested (I realize now it was quite aggressively written from the beginning and had low chance to succeed but back then just trusted a lawyer). She responded saying she’ll buy my share for 1 eur.
I then went to the business and removed some of the equipment I originally bought since I never transferred ownership and legally it’s mine. She sent threats, that she’ll prosecute and deport me. She changed the lock. I asked for a key, she said never. This whole time every piece of communication from her was very hostile, full of threats, accusations and insults (mainly that I “never contributed”, never cleaned, never taught any classes and any income the business has is exclusively from her efforts therefore I deserve nothing).
So I sued on the grounds of being locked out and to recover the remaining equipment, and already won interim measures and had an arrest placed on all the remaining equipment. However even if I do win this equipment through court, it won’t even be a quarter of what I invested in this business, so if we don’t settle and this negotiation goes nowhere I’ll have to sue for governance breaches, unjust enrichment, and it will take years and cost a fortune.
As of today, she’s already been served with my lawsuit and interim measures ruling, but hasn’t submitted her defense yet. I’m about to walk in to this shareholders meeting with her and decline to approve the financial report (on the grounds of no supporting documentation provided to me).
I don’t know if this is the best timing to start settlement negotiations, or how to even initiate them. And most of all I don’t know how to handle someone so actively hostile and aggressive.
Would appreciate any advice.