Recovery of unrealized partner contributions: Liquidator exclusively enforces and collects contributions as LLP assets free from charge. The rule gives the Liquidator exclusive authority in a Tribunal winding-up to recover unpaid or unrealized partner contributions arising from contracts ... Summary
Recovery of unrealized partner contributions: Liquidator exclusively enforces and collects contributions as LLP assets free from charge.
The rule gives the Liquidator exclusive authority in a Tribunal winding-up to recover unpaid or unrealized partner contributions arising from contracts for services, contribution agreements, or other events, and treats such recoveries as collection of LLP assets free from charge, notwithstanding any existing charge or encumbrance on the contributions.
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