Business Dispute Resolution

Business Dispute: My business is in dispute with one of our partners. Can we just throw them out of the partnership?

January 1st 2021
 

Short answer: Only if it’s allowed in a written partnership agreement. A written partnership agreement is the governing document which sets out what you can and can’t do, and how to do it. If you don’t follow those terms you will be in breach, regardless of how bad the other partner’s conduct was. If you haven’t got a written agreement, technically the law doesn’t allow “expulsion” of a partner –…

Business Dispute: I think one of our partners is using business assets for his own profit. What can I do?

January 1st 2021
 

Unless otherwise agreed, partnership assets can only be used for the business of that partnership. Partners have a duty to account to the business for any profits they obtain. If you think any of these have been ignored, you should take legal advice as to your options based on any written partnership agreement or statute. For more FAQs see here

Business Dispute: My business partner has signed us up to a contract I don’t agree with. Are we bound by it?

January 1st 2021
 

Probably yes – a partner has the ability to bind the entire firm. However, if you think the contract shouldn’t have been entered into – or you have a written partnership agreement which would limit the ability to enter into contracts of a certain value unilaterally – you might have a claim against the other partner. Take advice on your specific circumstances. For more FAQs see here

Business Dispute: Should I have a written partnership agreement?

January 1st 2021
 

Yes. In the absence of a written agreement there’s the risk of argument as to what was agreed between the partners, and the law can impose things which you would otherwise never have intended. The costs of trying to fix a problem will be significantly more expensive than having a proper agreement in place at the outset to minimise the risks of a problem arising in the first place. We…

Firm gets injunction against former MD to protect its business

December 14th 2020
 

A cryptocurrency firm has successfully taken legal action to prevent its former managing director competing against it and from revealing confidential information. Mark Aspin Director and Head of Dispute Resolution reports. The case involved Gemini Europe Ltd and Sawyer (2020). Gemini was part of a group of companies dealing in cryptocurrencies. In November 2019, it had engaged Mr Sawyer as its managing director. The contract included a non-compete clause preventing…

Court resolves dispute between partners in restaurant business

October 19th 2020
 

The High Court has settled a dispute between two partners who had worked together for many years in a restaurant business. Tariq Mahmood Malik and Mahboob Hussain Junior had opened a restaurant known as the “Nawaab” in 2003. They were equal joint owners of the property in which it was situated and equal joint shareholders in the company through which it was run (the Stockport Road company). In 2006 they…

deathbed gifts

Temporary protections against business insolvency extended

October 1st 2020
 

The government is extending the temporary measures it introduced to protect businesses from insolvency during the COVID-19 pandemic. Mark Aspin Director & Head of Dispute Resolution provides an update. The measures are contained in the Corporate Insolvency and Governance Act and were due to expire on 30th September 2020. They will now continue until the end of the year and in some cases, into next year. They include: companies and…

When “in jeopardy” ruling rescued hospitality business hit by COVID-19

August 13th 2020
 

LAWYERS have won a landmark ruling in an insolvency case of a hospitality business hit by the COVID-19 pandemic which brings new legal meaning to “in jeopardy”. The case, won by the Dispute Resolution team at leading legal firm Cartmell Shepherd Solicitors, involved a West Cumbrian business which took two leases – one for a hotel and another for a  restaurant. To raise part of the capital the business accepted…

Businessman ordered to repay more than £5m to former partner

August 4th 2020
 

A businessman who misappropriated large sums of money from his company has been ordered to refund more than £5 million to his former partner. The case involved Ashank Patel and Mohammad Babar Iqbal, who had been partners in a property development business. After some of the projects suffered delays due to cashflow problems, Patel discovered that Iqbal had been misappropriating funds from the business, resulting in losses of around £5…

Covid-19 new changes which will effect Landlord’s possession claims

August 4th 2020
 

Natalie Tatton Solicitor in our Dispute Resolution Team provides an update. The stay on issuing new and progressing existing possession proceedings has been extended until 23rd August 2020. Lord Greenhalgh, the minister of state for housing, communities, and local government, revealed the date in the House of Lords. He said: “From 24 August 2020, the courts will begin to process possession cases again. This is an important step towards ending…

Natalie Tatton
We'll call you...
This site uses cookies.
ConfigureHide Options
 
Read our privacy policy

This site uses cookies for marketing, personalisation, and analysis purposes. You can opt out of this at any time or view our full privacy policy for more information.