Partnerships

Acting in more than 10 substantial farming partnership disputes, including a Court of Appeal case, a successful challenge in the High Court to a Court appointed receiver, arbitrations and numerous mediations.

Setting up a number of partnership structures to enable tax-efficient profit-extraction. This has included setting up hybrid partnership between individuals and companies, advice on TUPE and restrictive undertakings, property and other transfer work.

Advising more than ten departing partners from a firm of solicitors.

Establishing Albion as the bid vehicle for the MBO of Close Ventures Limited and advice on internal constitution. Albion is a LLP, the members of which were the senior management of Close Ventures; Close Ventures is also a member of Albion. The transaction involved complex provisions reflecting classic private equity articles through a members' agreement, while not losing the partnership ethos.

Advising a regional solicitors' partnership on the departure of an equity partner and the potential for claims against by and against it leading to a negotiated settlement and the restructuring of the partnership for merger.

Advising two partners of a five partner opticians' firm on the dissolution of the partnership including a dissolution deed and formation of their own practices.

Advising partners in a firm of architects in relation to the terms of their partnership agreement and their relationship with other partners.

Advising accountant on his retirement from a multi-office regional practice and his employment as a consultant.

Setting up a number of family limited partnerships and advising on the tax and regulatory consequences of these.