Partnership in UK Law
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Ebrahimi v Westbourne Galleries Ltd; Re Westbourne Galleries Ltd
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The words are a recognition of the fact that a limited company is more than a mere judicial entity, with a personality in law of its own: that there is room in company law for recognition of the fact that behind it, or amongst it, there are individuals, with rights, expectations and obligations inter se which are not necessarily submerged in the company structure.
It is these, and analogous, factors which may bring into play the just and equitable clause, and they do so directly, through the force of the words themselves. A company, however small, however domestic, is a company not a partnership or even a quasi-partnership and it is through the just and equitable clause that obligations, common to partnership relations, may come in.
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Ebrahimi v Westbourne Galleries Ltd; Re Westbourne Galleries Ltd
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The superimposition of equitable considerations requires something more, which typically may include one, or probably more, of the following elements—(i) an association formed or continued on the basis of a personal relationship, involving mutual confidence—this element will often be found where a pre-existing partnership has been converted into a limited company; (ii) an agreement, or understanding, that all, or some (for there may be "sleeping" members), of the shareholders shall participate in the conduct of the business; (iii) restriction upon the transfer of the members' interest in the company—so that if confidence is lost, or one member is removed from management, he cannot take out his stake and go elsewhere.
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MacKinlay v Arthur Young McClelland Moores & Company
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What he receives out of the partnership funds falls to be brought into account in ascertaining his share of the profits of the firm except in so far he can demonstrate that it represents a payment to him in reimbursement of sums expended by him on partnership purposes in the carrying on of the partnership business or practice — the example was given in the course of argument of the partner travelling to and staying in Edinburgh on the business of the firm — or a payment entirely collateral made to him otherwise than in his capacity as a partner (as in Heastie v. Veitch & Co.
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Ensign Tankers (Leasing) Ltd v Stokes
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Victory Partnership expended capital of $3,250,000.00 for the purpose of producing and exploiting a commercial film. The production and exploitation of a film is a trading activity. The expenditure of capital for the purpose of producing and exploiting a commercial film is a trading purpose. The section is not concerned with the purpose of the transaction but with the purpose of the expenditure.
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Popat v Shonchhatra
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While each partner has a proprietary interest in each and every asset, he has no entitlement to any specific asset and, in consequence, no right, without the consent of the other partners or partner, to require the whole or even a share of any particular asset to be vested in him.
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Joseph Golstein v Colin Bishop
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If an employer is squeezing out an employee, or a partner is conducting himself in such a way as to make it impracticable to carry on in business with him, this may well be enough even if it is not easy to point to a specific act.
- Sample Partnership/LLP Agreement
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Partnership in Practice
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The Trans-Pacific Partnership
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The Foundations of Social Partnership
‘Social partnership’ between capital and labour is a distinctive characteristic of German industrial relations. Based on a survey of 142 German employers’ associations, we investigate differences i...
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UK Government Launches Cybersecurity Partnership
On March 27, 2013, the UK Government announced the Cyber Security Information Sharing Partnership (“CISP”), a partnership between government and industry to share intelligence on cybersecurity thre...
- Partnership Planning: Considering Partnership
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UK Tax: When Partnership Is Not Partnership
The recent decision of the First Tier Tribunal (FTT) in the unusual case of R. Ashton v HMRC [2016] UKFTT 727 serves as a useful reminder to taxpayers of two issues: (1) the potential for confusion...
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New UK Limited Partnership for Private Funds
On 6 April 2017, a new form of limited partnership came into existence with the introduction of a ‘private fund limited partnership’ (PFLP) under the Legislative Reform (Private Fund Limited Partne...
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Application for declaration of marital/civil partnership status
Forms to apply for a divorce, dissolve a civil partnership or legally separate, including the D8 application and financial order forms.
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Statement in support of annulment - void marriage / civil partnership
Forms to apply for a divorce, dissolve a civil partnership or legally separate, including the D8 application and financial order forms.
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Statement in support of annulment - voidable marriage / civil partnership
Forms to apply for a divorce, dissolve a civil partnership or legally separate, including the D8 application and financial order forms.
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Order for partnership account and inquiry
Chancery forms, including claim forms and applications for orders.