Dispute Resolution Services

Dispute Resolution Services

Quasi Partnership

In a quasi-partnership, minority shareholders may have greater rights than arm's-length shareholders - which the court may intervene to protect.

This is defined as a company law concept protecting minority shareholders when there is a personal relationship or mutual reliance. Commonly, long-term business partners and family companies will meet this particular description.

To speak to a member of the Clough & Willis team about your business needs, contact us today either by calling 0800 083 0815, or filling out an online enquiry form.

How the court defines a quasi-partnership

There are several factors which the court should consider when determining if there is a quasi-partnership in place. These include:

  • An agreement that all or some (there may be sleeping members) of the shareholders will be involved in the conduct of the business
  • An association formed or continued on the basis of a personal relationship involving mutual confidence
  • Restrictions on the transfer of a member's interest (i.e. on disposal of shares)

 

Need help right away?
Contact Clough & Willis

If you are located in Greater Manchester and require support on any aspect of dispute resolution, we will guide you throughout the legal process. Each case will be managed by a solicitor selected for the specific requirements of your case.

Contact us today to speak to a dispute resolution solicitor by calling 0800 083 0815, or fill out an online enquiry form and we will get back to you at a convenient time.

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