Partnership, Limited Liability Partnership & Corporate Disputes

The firm's lawyers are expert in assisting LLP members, shareholders, directors, companies and partnerships to resolve their disputes. Such actions in these specialist areas are often particularly sensitive and we understand that the parties are normally keen to avoid the expense and disruption of court litigation or arbitration proceedings. We find that, handled properly, it is often possible to find negotiated or mediated swift and pragmatic solutions, which enable the parties to continue to work together, or where that is not possible, for there to be a managed exit from the relationship by one party, on agreed terms. Our expertise include joint venture disputes, derivative actions, unfair prejudice petitions, disputes involving sale and purchase agreements such as breach of warranty and indemnity claims as well as "good leaver" and "bad leaver" provisions.  

We presently have an active practice in this area, particularly in matters relating to entities and individuals operating in the financial sector, including hedge funds.

Typical examples of the cases our lawyers have been involved in are where we acted: 

  • In a dispute between members of a hedge fund LLP where the issues related to mis-management of the LLP and freezing out of one party from the business;

  • To advise an LLP member of his rights in relation to his exit from a City of London based financial services business;

  • For a partner in a well-known national law firm raising claims of mis-treatment and negotiating his exit from the firm in question;

  • In a dispute between partners arising out of the dissolution of a partnership engaged in the business of financial advisers and mortgage brokers;

  • For the majority shareholders of a management consultancy company in a dispute with the minority shareholder relating to the "good" and "bad" leaver provisions in the Articles of Association; 

  • For the majority shareholders in a joint venture company in ensuring that the minority shareholders did not divert the joint venture company's assets to other companies; 

  • For the majority shareholders of a private telecoms company in the TRNC in respect of an injunction obtained by a minority shareholder in the English High Court that prevented assets and monies being transferred from the English sister company to the TRNC company;  and 

  • For a UK PLC in a multi-national dispute litigated in various countries where a leveraged buy-out was challenged for alleged breaches of laws covering acquisitions of public companies.


 


 

 

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