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The closing down and pursual of tax avoidance schemes by the Government could have a a significant impact on a huge number of limited liability partnerships, and the management of LLPs should keep close eye on any changes. Read more
There has been a further case in the last few months which has looked at the rights of partners of limited partnerships. Whilst this case does not create ground breaking law, it does help us to clarify and understand certain matters relating to the rights of limited partners. In the case of Certain Limited Partners in Henderson PFI Secondary Fund II LLP (firm) v Henderson PFI Secondary Fund II LP (a firm) and others, the High Court held that limited partners in a limited partnership had the right to pursue a derivative action against the third party investment manager who had been delegated the task of investment management by the general partner of the limited partnership. Read more
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The High Court recently considered whether members of an LLP can be held personally liable for the LLP’s unpaid professional indemnity insurance premiums in an Assigned Risks Pool (“ARP”) scheme ( Zeckler –v- ARP Manager Capita Commercial Services Limited ChD (2012)). Read more
The Court of Appeal has today ruled that a partner in an LLP did not fall within the definition of a ‘worker’ for the purposes of certain employment legislation Read more
In our experience, most modern partnership/LLP agreements contain clauses which require partners/members to retire from the firm at a particular age, and most firms understand that forcing people to retire in accordance with such clauses will be direct age discrimination. Read more
On 28 May 2012 Dewey & LeBoeuf filed for Chapter 11 bankruptcy. On the same day the London-based LLP (Dewey & LeBoeuf UK LLP) was placed into administration. This represents the largest ever law firm collapse. Read more
In the recent case of Bates van Winkelhof v Clyde & Co LLP, the Employment Appeal Tribunal had to consider whether an LLP member was a “worker” in connection with claims for whistle-blowing, sex and pregnancy discrimination. The EAT overturned the Employment Tribunal’s decision that it did not have jurisdiction to hear a whistle-blowing claim because the claimant was not a “worker” and, as a consequence, was ineligible to bring the claim. Read more
28 May 2012 saw the largest ever collapse of a law firm when Dewey & LeBoeuf filed for Chapter 11 bankruptcy in the United States and, on the same day, the London entity (Dewey & LeBoeuf UK LLP) entered administration. Read more
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