Liquidator Can Seek Tribunal Order for Partner Debt to LLP, Excluding Unrealized Contributions, with 14-Day Notice Requirement.
When a partner owes money to a Limited Liability Partnership (LLP), excluding amounts related to contributions that are unrealized or outstanding post-winding-up, the Liquidator can apply to the Tribunal for an order requiring payment. This application must be supported by an affidavit, and the partner must receive notice of the application at least fourteen days before the hearing, delivered by registered post or an approved courier service.
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