Flanagan v Liontrust Investment Partners LLP

Contract – Repudiation. The Chancery Division, in a case concerning the employment status of the claimant fund manager, held that the doctrine of repudiatory breach was implicitly excluded in relation to multi-party agreements that fell within s 5 of the Limited Liability Partnerships Act 2000. The claimant had locus standi to bring his claim but, in the circumstances, there was no proper basis in law upon which he might be entitled to claim a pro rata share in the profits of the LLP of which he had been a partner.

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