Limited liability Partnership and Partnership Disputes
Whether your business is being operated as a general partnership or limited liability partnership, we recognise that disputes between partners can have an adverse effect on the ongoing business.
Why disputes arise?
Disputes can arise for a number of reasons, including where the working relationship between existing partners has broken down, one partner wishes to retire or leave, or is being compelled to do so by the other members. Other common causes of dispute are as follows:
- Dispute concerning an LLP’s accounts and value
- Partnership assets
- Breach of fiduciary duty
- Harassment and bullying
- Bad faith
- Breach of restrictive covenant
- Suspension and Garden leave
Often these types of disputes can be factually and legally complex, and the starting point should be an assessment of your situation, the background and an analyse of LLP or partnership agreement. However, these documents may not always provide all the answers, not least because the relevant legislation imposes address the governance and running of partnerships. In relation to LLP’s, the Limited Liability Partnerships Act 2000 and the Limited Liability Partnerships Regulations 2001 are the appropriate legislations, whilst general partnerships are governed under the Partnership Act 1890.
How we can help?
We can assist you running or defending a claim against another partner no matter what the size of the business. We actively work with you to keep costs to a minimum and to seek a speedy and commercial resolution. This is achieved by employing alternative dispute resolution measures when possible, such as mediation and arbitration.
If the matter is non-contentious, our Corporate team we can advise on the setting up and operation of your business, along with advice on your legal obligations and rights in any form of partnership.