The Weekly Law Reports
[2017] 2 WLR 746
Chancery Division
Hosking
v
Marathon Asset Management LLP
[2016] EWHC 2418 (Ch)
2016 July 21;
Oct 5
Newey J
Partnership— Limited liability partnership— Members— Limited liability partnership alleging member in breach of fiduciary duties— Arbitrator concluding half member’s profit share constituting remuneration— Arbitrator concluding member should forfeit half profit share paid to him during period of breach— Whether forfeiture principle applying to partner in partnership or member of limited liability partnership— Whether principle capable of applying to share of profits of partner or member— Whether share of profits capable of being remuneration— Whether arbitrator’s decision open to challenge