Lucas v Lucas

No Partnership Sale Before Account Taken & Buy-out Order

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Normally an independent sale of the assets at public auction is the appropriate method to value the assets,unless special circumstances warrant a departure from the ordinary rule. The Defendant was allowed to purchase the Plaintiff’s share in the partnership assets as directed by the Court.

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Reference Info:Decision | Australia


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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