International Dispute Resolution Centre awards Partner nearly £650k including costs
Benjimin Burgher successfully represented the Partner of an LLP during her Arbitration Proceedings in the IDRC. The Partner was found to be wrongfully expelled by the LLP and awarded her equity, tranche payments and costs. In the lengthy arbitration proceedings the Partner’s contentions relating to construction of the LLP Agreement, valuation of her equity and outstanding entitlements were considered resulting in the favourable award.
The Respondent’s arguments on contractual construction, estoppel by convention, the interpretation of good faith and dishonesty were rejected.
The case emphasised the importance and necessity of effective drafting of LLP Agreements in regulating the relationship between the parties.
Barristers: Benjimin Burgher