Where a quasi-partnership had been created with the expectation that a party would be involved in the management of the business, it was a breach of his right to exclude him. This was a consequence of the restraint imposed by equity on relations between majority and minority partners, and not the cause of it. Because the continuing partners would continue the business, the share of the partner ordered to be purchased, should be valued as a going concern.
Citations:
Times 04-Jul-2000, Gazette 06-Jul-2000
Jurisdiction:
England and Wales
Equity, Company
Updated: 18 July 2022; Ref: scu.81869