When partnerships break down, there can be a lot of bad feeling but also financial exposure for existing and continuing liabilities. It can be time-consuming and expensive to extricate oneself from the partnership and get back on track with one’s career or business.
Whatever stage you may be at in the development or decline of a partnership, the expert partnership dispute lawyers at The Sethi Partnership Solicitors can help you to resolve matters as quickly and cost effectively as possible with a strategic and pragmatic plan aimed at minimising the expense and delays of court proceedings.
We can also assist you in taking proceedings for dissolution of the partnership or in winding a Limited Liability Partnership (“LLP”) and preparing a Deed of Dissolution to give effect to any final arrangements. We can also direct you to expert tax advisers to ensure any arrangement are as tax-efficient as practicable.
Contact our partnership dispute lawyers in Ruislip, Middlesex today
Here are some examples of recent cases in which we acted for:-
- Partners in an LLP who had invested in development of a substantial property near Oxford Street in Central London and who had been excluded from distribution of proceeds. We launched a Derivative Action on behalf of the LLP in the Chancery Division of the High Court to bring about a settlement.
- Partner in a solicitors’ firm where the parties had fallen out badly and dissolution proceedings in the High Court became necessary to wind up the partnership satisfactorily.
- Family member of longstanding firm where the parties could not agree the terms of a dissolution and we were able to avoid dissolution proceedings through devising a careful strategy leading to an amicable solution.
- COFA partner in a solicitors’ LLP where issues or breach of the Solicitors Code of Conduct had led to complex proceedings in the Chancery Division and the Solicitors Disciplinary Tribunal and eventual dissolution of the LLP.
- Partner in a large accountancy practice who was seeking to exit with a team (“springboard”) and form their own new practice while avoiding post-termination restrictions against competition and solicitation of existing clients.