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Partnership Law is the first Irish textbook on this
important area of law. It is both comprehensive (over 900 pages) and
practical and has received the following reviews:
Reviews
·
“a magnificent
achievement…..his overview of partnership law in all Commonwealth
jurisdictions is invaluable” New Law Journal (UK)
·
“a book which no law library in a
common law jurisdiction should be without” Solicitors Journal
(UK)
The book is written for
- accountants:
who advise and audit partnerships
- tax
advisers: who advise on the use of ordinary and limited partnerships
for tax purposes
- lawyers:
who advise on setting up partnerships, on the rights and liabilities
of partners and the dissolution of partnerships
- professionals:
who are themselves partners and wish to be appraised of their rights
and duties in the firm
- students:
who need to be aware of this very relevant area of business law
Some of the important issues covered in the book are:
Does a partnership exist? does one exist and what steps should be
taken to ensure that people are not deemed to be partners so as to avoid
unlimited liability?
The rights and duties of partners: to manage the firm, to share
in profits, to use the firm’s goodwill and other property, to admit
new partners, to expel existing partners, fiduciary duties owed by partners
to one another etc.
How to draft a partnership agreement: the many shortcomings of
the Partnership Acts 1890-1994 and of the common law are analysed and
practical advice is given on the drafting of partnership agreements to
counter these shortcomings.
Litigation by and against a partnership: a comprehensive analysis
of the Rules of the Superior Courts (RSC 14), of the Circuit Courts (CCR 7)
and of the District Courts (DCR 39) for instituting proceedings by a
partnership and against a partnership.
Litigation between partners: detailed discussion of the many
Irish cases involving actions between partners, such as the action for an
account of partnership dealings, appointment of receivers and managers to
firms and injunctions between members of a partnership etc.
Liability of a partner for the acts of his co-partner: including
the liability of an incoming partner for existing obligations and the
liability of a former partner for obligations incurred after he/she leaves.
Dissolution and winding up of partnerships: dissolution by acts
of the partners, by court order under s 35, the bankruptcy of partnerships
and the winding up and distribution of assets.
Limited partnerships: limited partnerships formed under the
Limited Partnerships Act 1907 and investment limited partnerships formed
under the Investment Limited Partnerships Act 1994 in view of their role in
venture capital investments, tax-based financing and collective investment
schemes.
Advantages and disadvantages of partnerships over companies:
structural, tax, accounting and disclosure advantages considered in the
light of the move towards limited liability for professional partnerships
elsewhere.
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PARTNERSHIP LAW NOW
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