Hosking v Marathon Asset Management LLP

Subject Matter

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

[2016] EWHC 2418 (Ch); [2017] Ch 157; [2017] 2 WLR 746; [2016] WLR (D) 501, Ch D