Ex-Dewey partners contemplate legal action to recover unpaid profits

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  • This is what happens when the law is merely a business.

    Curious, can anyone shed light on the partnership duties that were violated by the EC types (even those who claimed they didn't know what was going on)? Is the question relevant? Would the damages be beyond merely failure to pay out capital and profits?

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  • What they really want to avoid is paying tax on profits that may not materialise and this link may be useful re that:
    http://www.hmrc.gov.uk/manuals/emmanual/em7025.htm

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  • "... recover unpaid profits"?!?!

    You must be joking. Not going to happen.

    The trustee will go after the partners. Ever heard of clawbacks?

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  • and if there are clawbacks, those who are found liable turn around and sue the managing partner and EC types, who in turn themselves file for bankruptcy

    what a circus that could be

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  • Does anyone know the names of any of the people considering legal action?

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