Rule 35 - COMPROMISE, ARRANGEMENT OR RECONSTRUCTION OF LIMITED LIABILITY PARTNERSHIPS.

Compromise and arrangement procedures: Tribunal-directed meetings and proxy voting govern LLP restructuring and confirmation.

Applications to convene creditor or partner meetings for a proposed compromise or arrangement must be supported by an affidavit and the proposal attached; the Tribunal may direct who must attend, fix meeting logistics, appoint chairmen, determine quorum and voting (including proxy rules), require notices and advertisements, and set reporting timelines. Notices must be sent by post and copies of the proposal made available on requisition; chairmen must report meeting results to the Tribunal, and where approved the LLP or an authorised creditor/partner may present a petition for confirmation, with further Tribunal oversight over revival schemes and appointment of an LLP Administrator.