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PARTNERSHIP & LLP

In recent years members of chambers have been involved in significant matters concerning partnership and LLP law. Perhaps the most significant case in which they appeared was Bates Van Winkelhof v Clyde & Co. [2014] 1 WLR 2047, in both the Court of Appeal and the Supreme Court.

Our stand-alone caseload and legal impact in Partnership/LLP law has increased significantly in the past year and Littleton has seen strong growth in market share over the period. This increase in client demand for our Partnership/LLP services is demonstrated through the addition of Mohinderpal Sethi from Devereux in 2014. Areas of particular expertise include unfair prejudice, fiduciary duties, expulsion, partner moves & business protection and agreement interpretation.

Our team is a trusted adviser to professional and financial services partnerships, including on a range of cross-border matters. Professional services highlights this year include cases involving: Hogan Lovells, Maples & Calder, Arbis Sutherland, Rawlinson Butler, Taylor Wessing LLP, PCB Lawyers, Grant Thornton, Levenes and more. This is clear proof of the high regard in which our skills are held by peers in the legal profession.

  • David Reade QC advised the Management Board of the international law firm Maples and Calder LLP this year. This case concerned multi-jurisdictional partnership issues. He was also instructed by CM Murray LLP to advise on key aspects of the LLP agreement relating to a management asset vehicle. He also acted for a partner in a partnership dispute before the Grand Court of the Cayman Islands.
  • Jonathan Cohen was instructed by Public Concern at Work and CM Murray as interveners. Jonathan Cohen won in the Supreme Court and the outcome of the case opened up whistle-blowing protection to a great many people not deemed to be employees, in particular partners/members in firms and LLPs.

We have seen a strong increase in work levels for alternative capital providers as the sector comes under increased scrutiny. Given our long experience in this area and the presence on our team of a former fund VP (John Mehrzad), we offer a unique perspective to clients. John Mehrzad was instructed by Lewis Silkin to act in an important case involving an unfair prejudice petition in relation to a company said to be a quasi-partnership. Mo Sethi acted in the well known case of Mazars LLP v Grant Thornton.

Chambers’ other highlights include cases involving Cepollini, Woodford, London & Capital, Doughty Hanson, Capital Dynamics, BGC Brokers, BlueBay and more. We expect to see strong growth in instructions here in the coming year.

Our well-known strengths in employment and commercial litigation are of course of major benefit to our Partnership/LLP clients. Our combined expertise across all three areas set Littleton apart from the vast majority of its Partnership law competitors.

Other cases members have appeared in in the last year include: Maitland Hudson LLP v Dempsey, involving claims for injunctions to ensure the return of privileged and confidential files taken by a former member of the LLP, regarded as a "self-styled whistle-blower.” Yudelowitz v Lipschitz concerned a dispute about whether the partnership goodwill should be revalued as at the succession date.

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