Procter v Procter

Subject Matter

PARTNERSHIP — Dissolution — Distribution of assets

[2022] EWHC 1202 (Ch), Ch D

PARTNERSHIP — Dissolution — Partnership property — Family partnership carrying on farming and property business — Claimant resigning from partnership and bringing claim for share of partnership assets — Whether claimant entitled to partnership assets — Basis of valuation of claimant’s share — Partnership Act 1890 (c 39), s 31(2)

[2024] EWCA Civ 324; [2025] Ch 1; [2024] 3 WLR 631; [2024] 2 All ER (Comm) 786; [2024] WLR(D) 158, CA

PARTNERSHIP — Dissolution — Partnership property — Partner resigning from partnership — No express agreement in partnership deed or subsequently about financial implications of partner’s resignation — Whether partner’s resignation giving rise to “technical dissolution” — Whether resigning partner entitled to share of partnership assets — Partnership Act 1890 (53 & 54 Vict c 39), ss 17, 31(2), 36, 43

[2024] EWCA Civ 324; [2025] Ch 1; [2024] 3 WLR 631; [2024] 2 All ER (Comm) 786; [2024] WLR(D) 158, CA

Appellate History