Report of fraud triggers Tribunal investigation and power to examine persons and convert winding up to compulsory.

Where an LLP liquidator reports sufficient evidence of fraud affecting partners, creditors, LLP interests or the public, the Tribunal may order an investigation under section 43 and, on that investigation's report, direct attendance and examination of the person concerned about the LLP's promotion, formation, business conduct or conduct as an officer. The liquidator must intimate allegations against non-partners to partners or designated partners and include their views. The Tribunal also has power to convert voluntary winding up into compulsory winding up, and Part VI public examination provisions apply mutatis mutandis.

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