Rued v Dormer & Anor [2026] EWHC 1074 (Ch) (08 May 2026)
No further interest is awarded beyond that already accounted for, as the agreed contractual rate governs and section 42 of the Partnership Act 1890 does not apply. The costs order from the liability phase stands and is not varied, as neither party's Part 36 offer was effective or justifies a change. For the account phase, there is no order as to costs, reflecting the neutral and necessary nature of the accounting process. The mechanism for sale of partnership assets, particularly Plot 9, is to allow Lloyd the option to purchase at full open market value as determined by an independent valuer, failing which the property is to be sold on the open market.
- Citation
- [2026] EWHC 1074 (Ch)
- Parties
- Claimant: Ulrich Rued; First Defendant: Lloyd Dormer; Second Defendant: Gabriella Dormer
- Jurisdiction
- England and Wales
- Judgment Date
- 08 May 2026
- Procedural Posture
- Partnership Dispute (chancery Division) / Final Consequentials Hearing After Liability and Account Judgments
- Outcome
- No further interest awarded; costs order from liability phase stands; no order as to costs for account phase; mechanism for sale of partnership assets determined.
- Legal Topics
- Dissolution of Partnership, Partnership Accounts, Interest on Partnership Loans, Costs Orders, Mechanics of Sale of Partnership Assets, Breach of Trust
Case Brief
Summary, issues, holding and outcome
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Parties
Ulrich Rued
Claimant
Lloyd Dormer
First Defendant
Gabriella Dormer
Second Defendant
Procedural Posture
Partnership Dispute (chancery Division) / Final Consequentials Hearing After Liability and Account Judgments
Legal Issues
- 1 Whether further interest should be awarded to the claimant beyond that already accounted for
- 2 How costs should be allocated for the liability and account phases
- 3 What mechanism should be adopted for the sale or realisation of partnership assets, particularly Plot 9
Ratio Decidendi
No further interest is awarded beyond that already accounted for, as the agreed contractual rate governs and section 42 of the Partnership Act 1890 does not apply. The costs order from the liability phase stands and is not varied, as neither party's Part 36 offer was effective or justifies a change. For the account phase, there is no order as to costs, reflecting the neutral and necessary nature of the accounting process. The mechanism for sale of partnership assets, particularly Plot 9, is to allow Lloyd the option to purchase at full open market value as determined by an independent valuer, failing which the property is to be sold on the open market.
Court Disposition
No further interest awarded; costs order from liability phase stands; no order as to costs for account phase; mechanism for sale of partnership assets determined.
Orders
- No further interest to claimant beyond that already accounted for.
- Costs order from 9 September 2021 (liability phase) stands and is not varied.
Full Case Text
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