Forfeiture & Fiduciary Duties in Partnerships & LLPs - Update Your Knowledge

Introduction

This new virtual classroom seminar will unpack how forfeiture of partner/member profit share works and what fiduciary duties are in the world of partnerships and LLPs.

The session will look at this from both the firm’s perspective (how to use this potential ‘weapon’) and the individual’s perspective (how to challenge it).

What You Will Learn

This live and interactive session will cover the following:

• Can members of an LLP (or partners in a partnership) be made to forfeit profit shares for breach of fiduciary duty?
• When do fiduciary duties arise in partnerships/LLPs?
• What even is a fiduciary (as opposed to any other) duty?
• How would all this work in practice? How might firms use this as a weapon against ‘naughty’ partners?
• How can the individual partners protect themselves and challenge this?
• Best practice and an up-to-date review of the law in this evolving area

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.