The areas of dispute which may arise between the members of an LLP are as follows:
- Breach of the LLP agreement
- Retiring from an LLP
- Bad faith
- Breach of fiduciary duty
- Discrimination or harassment
- Breach of restrictive covenants
The Limited Liability Partnerships Act 2000 and the Limited Liability Partnerships Regulations 2001 impose certain requirements on the LLP in addition to any LLP agreement which might be in place. We can assist you in understanding your rights and remedies in the context of an LLP dispute. We can advise at any stage of an LLP dispute. In cases where a member may face expulsion, we can advise on whether the LLP agreement permits a member to be expelled and what sums the outgoing member is entitled to receive.