R - Retirement of partners
9/4/24
PROCTOR v PROCTOR [2024] EWCA Civ 324
Considers effect of retirement of a partner with consent of co-partners, on the out-going partner’s proprietary interest in the partnership assets. In the absence of any provision in the partnership deed and agreement between the partners, the outgoing partner was not to be regarded as having agreed to give up her proprietary interest and she was, therefore, still entitled to bring a claim for the value of her share.