Vienna · AustriaWONE Global Partner · Austria
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Cases · Business & ownership · Corporate ownership & governance
Urgent Regain control of a subsidiary abroad
Our local manager abroad has taken control of the subsidiary. What can we do?
WONE Global has corporate and litigation counsel in that country confirm your rights, update the registers and banks, and act against the individual.
Countries in the typical case France · Egypt
The situation
What is happening
A local manager or partner is acting without authority, blocking access to bank accounts, records or premises.
What is at stake
While control is lost, money, records and customers can be diverted.
Who faces this
- Corporations
- Mid-sized companies
A scenario
GroupCorporation · from France · in Egypt
Its general manager in Egypt refuses to hand over the company seal and bank access after being replaced.
Where it ends Control back.
A representative scenario of the work WONE Global coordinates, not a specific client’s matter.
Also asked as “Rogue director abroad”“Can't access our foreign company's bank account”
The solution
How WONE Global handles it
WONE Global has corporate and litigation counsel in that country confirm your rights, update the registers and banks, and act against the individual.
Usually led by Corporate & Entity Services, with Disputes & Resolution and Legal & Contracting.
Step by step, in the scenario
- First daysRights confirmed.
- Week 1Registry and banks updated.
- Weeks 2-4Action against the manager.
- ThenControl restored.
Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.
Decisions
The decisions involved
- 01Who holds legal authority under local registers
- 02How to remove and replace signatories
- 03Whether to bring proceedings
Outcomes
What you receive
- Registry and bank records corrected
- Authority restored
- Claims against the manager where justified
This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.
Services
The services involved
One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.
Who handles it
Corporate & Entity Services, market by market
The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.
- Egyptin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Francein the typical case On request Availability confirmed before any work begins Bring a requirement →
- Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
- Ireland WONE Global Partner Kevin McSharry · Managing Director Brief this Partner →
- Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
- South Africa WONE Global Partner Johan Beer · Partner Brief this Partner →
- Spain WONE Global Partner Darragh Brady · Partner CIB Finance Brief this Partner →
- United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
- Zambia WONE Global Partner Gerald Zimba · Director Brief this Partner →
- India On request Availability confirmed before any work begins Bring a requirement →
- Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
- Singapore On request Availability confirmed before any work begins Bring a requirement →
- United Kingdom On request Availability confirmed before any work begins Bring a requirement →
- United States On request Availability confirmed before any work begins Bring a requirement →
Other markets: WONE Global covers 100 countries. Name yours in the requirement →
Vienna · Austria
Galway · Ireland
Kigali · RwandaWONE Global Partner · Rwanda
Lydie N. Murorunkwere
Lydie is the Founder and Managing Director of ML Corporate Services Ltd and the first Chairperson of the Rwanda Trust Companies Association (RTCA).
Pretoria · South Africa
Barcelona · Spain
Dubai · United Arab EmiratesWONE Global Partner · United Arab Emirates
Dr Hajra Nazir
Discover
Where this case connects
The markets, corridors and guides behind this case, and the questions to put to Ask WONE below. Every link opens a page that links back here.
Markets in the typical case
Services and subject
Ask WONE about this case
- What should we check first: our local manager abroad has taken control of the subsidiary. What can we do?
- What do the articles and any shareholder agreement say?
- Who holds which shares and votes today, on the register?
- Which decisions are blocked, and what does the delay cost?
- Ask it in your own words →
Worked examples
How it goes in practice
Researched corridor journeys, and representative scenarios on the same subject. None is a specific client’s matter.
- Corporation · from Canada · in Hong KongIt finds that its Hong Kong subsidiary has not filed annual returns for two years. Fines are building, and the bank has started asking questions.How WONE Global handles it →
- Mid-sized company · from Kuwait · in United Arab Emirates, United Kingdom, EgyptA director has resigned from three subsidiaries, and the banks will not act on instructions until the records are updated.How WONE Global handles it →
- Corporation · from France · in MoroccoIt is forming a 50/50 joint venture with a Moroccan group for a solar project.How WONE Global handles it →
Corporate ownership & governance
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WONE Global Intelligence
Ask about doing business across borders
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.