Hosking v Marathon Asset Management LLP

Company – Director. The Chancery Division held, in an appeal under s 69 of the Arbitration Act 1996, that a profit share of a partner or LLP member could potentially be subject to forfeiture and further that in the present case the arbitrator had concluded rightly that the sums he held to be forfeit were 'in substance, remuneration for the performance of executive duties'. As profit share was not inherently incapable of representing remuneration and being subject to the forfeiture principle, there was no scope for the claimant to challenge the arbitrator's decision.

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