Forfeiture & Fiduciary Duties in Partnerships & LLPs - The Current Position

Introduction

Can a firm forfeit the profit share of a partner or member if they are in breach of fiduciary duty?

This area is a battle ground of growing practical importance.

This webinar will provide an up-to-date review of the legal framework and its practical application.

What You Will Learn

This webinar will cover the following:

• When do partners and members owe fiduciary duties?
• What are the key areas where you are likely to see breaches of fiduciary duty?
• What is the up-to-date law on whether partner or member profit share can be forfeited - unpacking the legal principles
• What are the limits on forfeiture?
• How do firms deploy this as a weapon?
• How can the individual fight this attack?
• Practical consequential tips for drafting agreements
• Best practice and an up-to-date review of the law in this area