Unless proceedings have been instituted for the dissolution1 and winding up of the partnership, or for relief which will necessarily involve such dissolution and winding up2, the courts are generally reluctant to order the appointment of a receiver and manager in respect of a subsisting partnership3. Even where a partnership has not been dissolved and there are no such proceedings on foot, an application for the appointment of a receiver simpliciter, as opposed to that for a receiver and manager, may, however, be more sympathetically viewed by the courts4.
Further, and notwithstanding such general reluctance of the courts, it would
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234