Liability of partners for partnership debts

Background Running a business through a traditional partnership has many advantages, including the ability to keep financial information confidential, less onerous compliance with statutory rules for companies, and transparent tax treatment where partners are only taxed on the profits they receive, not on the overall profits generated by the business. However, one of the biggest…

In litigation, you should expect the unexpected

A recent case handled by our litigation department demonstrates just how unpredictable litigation can be and highlights the potential costs implications for a party acting unreasonably. Background We acted for the Defendant in this case, a specialist IT recruitment company. Our client had placed one of its consultants (the Claimant) in a position overseas, where…