Dissolution of Partnerships and Asset Splitting

In certain situations, it may become necessary to dissolve a partnership. This could be due to a dispute that makes continued operation impossible or the need to remove a partner and reconstitute the partnership. Understanding the process and implications of dissolution can help you make informed decisions about whether to proceed and how to manage the transition effectively.

Simon Thomas

Key Contact: Simon Thomas

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Gavin Evans

Key Contact: Gavin Evans

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How We Can Help

  • Advising on Dissolution and Asset Valuation: We can guide you through the process of dissolving a partnership, including how to value and split partnership assets. Our advice helps ensure that the dissolution process is managed properly and that you achieve the best outcome for your interests.
  • Negotiation and Dispute Resolution: Where possible, we seek to negotiate the terms of dissolution and asset division at an early stage, avoiding more formal court proceedings. We can assist with direct negotiations or provide you with the necessary guidance to handle negotiations effectively yourself.
  • Formal Dispute Resolution: If negotiations do not resolve the issue, we can represent you in formal alternative dispute resolution (ADR) processes or court proceedings. Our team is prepared to handle disputes through all stages of the legal process, ensuring your interests are protected.
  • Ancillary Matters: We can assist with additional issues, such as if a partner has misappropriated assets or engaged in unfair competition. Our support extends to addressing these concerns and minimising any additional impact on your partnership.
  • Informed Decision-Making: By understanding your position regarding dissolution, you can make informed decisions about whether to proceed and how to protect your interests. Our advice helps you navigate the complexities of dissolution and asset splitting effectively.
  • Maximising Asset Value: We ensure that you receive the best value for your partnership interest upon dissolution. With the assistance of third parties, we manage the process to ensure a fair and accurate division of assets.

Speak to a lawyer today

On 0121 233 4333 or request a callback

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Why Choose Wilkes

By partnering with us, you benefit from:

  • Experienced Team: Our team of partners, solicitors, and chartered legal executives, recognised by the Legal 500, has extensive experience in advising on partnership disputes. We offer practical and clear advice tailored to your specific situation.
  • Commercially Sensible Solutions: We understand the commercial motivations behind partnerships and provide solutions that are both practical and commercially viable, helping you resolve disputes efficiently.
  • Comprehensive Support: From initial advice to court representation, we offer comprehensive support throughout the dispute resolution process, ensuring your interests are well-represented and protected.

At Wilkes, we are committed to helping you navigate the complexities of partnership disputes, providing expert guidance to achieve a favourable outcome and maintain the integrity of your partnership or business.

 

Meet the team

Gavin Evans

Gavin Evans

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Partner, Dispute Resolution

Andrew Kealy

Andrew Kealy

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Associate Solicitor, Dispute Resolution

Simon Thomas

Simon Thomas

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Partner, Dispute Resolution

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On 0121 233 4333 or contact us below.

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