Drake v Harvey and others – WLR Daily

Posted July 25th, 2011 in appeals, law reports, partnerships, valuation by tracey

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