Drake v Harvey and others [2011] EWCA Civ 838; [2011] WLR (D) 244
“There was no general default rule or presumption that the basis on which an outgoing partner’s share of partnership assets was to be determined was a fair value unless the partnership deed expressly stated otherwise; the correct approach was to derive the basis of valuation from the terms of the deed itself applying normal principles of contractual interpretation.”
WLR Daily, 20th July 2011
Source: www.iclr.co.uk
