“… if the answer to any of these questions is, “No,” there may be a problem …” Following the Supreme Court judgment in Seldon, how do professional practices quickly determine whether or not they should be taking advice on their current partner or LLP member retirement provisions, with a view to minimising the risk of…
“… Most UK professional practices operate a system of inherently discriminatory compulsory retirement of partners at a fixed age, regardless of ability or performance, on the assumption that this is legally justified …” The case of Seldon v Clarkson Wright & Jakes is due to be heard by the Supreme Court on 17 January 2012…
Partnership dissolution FAQs: What is dissolution? In the partnership context, “dissolution” describes both an event and a process : Continue Reading
Please note: this post is now out of date following subsequent tax legislation and case law. “… At the outset he has been lulled into a false sense of security, and may consider himself to be the victim of a scam …” Lawyers and accountants have been very creative in their use of LLPs. But…
…Recessions bring out the worst in people… A recession has a way of exposing weaknesses in legal drafting. As practices try to respond to the economic climate, management teams consult the fine print of their partnership deed or LLP members’ agreement, and may find it wanting. This article describes and explains the importance of a…
