The long-awaited decision in Hammonds' profits dispute has ruled that a group of ex-partners are bound by the partnership deed, a decision which could see them forced to return over-drawings that were paid out to them.The judgment, by Mr Justice Warren, which was released today (13 February), revealed that the ex-partners, who have so far refused to pay back anticipated profits over a two-year period to April 2005, are bound by the partnership deed.
February 13, 2009 at 06:06 AM
1 minute read
The original version of this story was published on Legalweek
The long-awaited decision in Hammonds’ profits dispute has ruled that a group of ex-partners are bound by the partnership deed, a decision which could see them forced to return over-drawings that were paid out to them.
The judgment by Mr Justice Warren, which was released today (13 February), revealed that the ex-partners, who have so far refused to pay back anticipated profits over a two-year period to April 2005, are bound by the partnership deed.
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