Could not access the Path.
The following is an excerpt from the Windows NT Command Shell documentation.
https://technet.microsoft.com/en-us/library/cc723564.aspx
All reserved shell characters not in double quotes must be escaped. These characters have special meaning to the Windows NT command shell. The reserved shell characters are:
& | ( ) < > ^
To pass reserved shell characters as part of an argument for a command, either the entire argument must be enclosed in double quotes, or the reserved character must be escaped. Prefix a reserved character with a carat (^) character to escape it.
Tip The carat character is itself a reserved shell character. Thus, to type a carat character as part of a command argument, type two carats instead. Escaping is necessary only when the normal shell interpretation of reserved characters must be bypassed.
Double Quotes
EVEARemovalUtility.exe "\\server\test&folder" -l
Escape the reserved character
EVEARemovalUtility.exe \\server\test^&folder -l