Forfeiture & Fiduciary Duties in Partnerships & LLPs - The Current Position
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Forfeiture & Fiduciary Duties in Partnerships & LLPs - The Current Position
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Introduction
Can a firm forfeit the profit share of a partner or member if they are in breach of fiduciary duty?
This area is a battle ground of growing practical importance.
This webinar will provide an up-to-date review of the legal framework and its practical application.
What You Will Learn
This webinar will cover the following:
- When do partners and members owe fiduciary duties?
- What are the key areas where you are likely to see breaches of fiduciary duty?
- What is the up-to-date law on whether partner or member profit share can be forfeited - unpacking the legal principles
- What are the limits on forfeiture?
- How do firms deploy this as a weapon?
- How can the individual fight this attack?
- Practical consequential tips for drafting agreements
- Best practice and an up-to-date review of the law in this area
This webinar was recorded on 13th July 2023
You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.
