Lindley & Banks on Partnership 21st Ed with 1st Supplement | 2024*

Lindley & Banks on Partnership provides comprehensive, authoritative, and practical guidance on the law governing general and limited partnerships. As a seminal text first published in 1860, it reflects the editor's extensive practical experience and delivers detailed commentary on every stage of a partnership’s lifecycle. From its nature and formation to typical partnership agreements, dispute resolution, partner liabilities (internal and external), dissolution, winding up, insolvency, and taxation, this work offers unparalleled insights. 

Key Features of the 21st Edition with 1st Supplement:

• Examines statutory and other partner rights, including access to information and books, the impact of restraint of trade on partnership agreements, and the courts’ jurisdiction over partnerships in conjunction with the Trusts of Land and Appointment of Trustees Act 1996 (TOLATA).
• Discusses key cases such as:
  • Boghani v. Nathoo: Rights and duties under section 38 of the Partnership Act 1890.
  • Bates van Winkelhof v. Clyde & Co LLP: Overlap between employment rights and partnership status.
  • Hosking v. Marathon Asset Management LLP: Application of the equitable doctrine of forfeiture.
• Features updated analysis on solicitor partnership regulations.
• Reviews the decision in Wild v. Wild on identifying partnership property.
• Highlights Scottish cases such as:
  • Sheveleu v. Brown: Application of provisions under the 1890 Act after dissolution.
  • Morrison v. Aberdein Considine & Co: The legal status of salaried partners.
• Explores the Australian case of Rojoda Pty Ltd v Commissioner of State Revenue regarding the nature of a partnership share.
• Explains new income tax rules for partner expenses, updates to entrepreneurs’ relief, and changes to capital gains tax treatment for UK residents and non-residents.

The 1st Supplement to the 21st edition ensures the text remains fully up-to-date, addressing all legal developments since the main volume’s publication in November 2022. This trusted resource continues to be essential for practitioners navigating partnership law.