Holding out

Tiffen - who is and is not a partner
· ·

Tiffin brings more certainty as to who is and who is not a partner

ByPeter Garry

“… In these difficult times, in which many professional practices are facing potential or actual insolvency, it is important for “partners” to know what liabilities they face …” Last week’s Court of Appeal judgment in the case of Tiffin v Lester Aldridge LLP [2012] EWCA Civ 35 has brought more certainty to the frequently arising…

Escaping liability in professional partnership insolvencies

Escaping liability in professional partnership insolvencies

ByPeter Garry

… It is possible inadvertently to throw away these defences in the course of the process leading up to administration, a PVA and/or IVAs … This article describes the run-up to a professional partnership insolvency, and the choices faced by the partners who control the partnership. It then goes on to identify particular issues faced…