Ulrich Rued v Lloyd Dormer & Anor

Ulrich Rued v Lloyd Dormer & Anor

No further interest is awarded beyond that already accounted for, as the agreed contractual regime governs and section 42 of the Partnership Act 1890 does not apply. The liability-phase costs order in favour of Ulrich stands and is not varied, as neither party's Part 36 offer justifies a change and the costs were incurred due to Lloyd's unsuccessful resistance on core issues. For the account phase, there is no order as to costs, as the account was a necessary and neutral process following dissolution. The realisation of partnership assets, including Plot 9, will proceed by open-market valuation, with Lloyd given the option to purchase at full value, ensuring Ulrich receives the economic...

Parties
Claimant: Ulrich Rued; First Defendant: Lloyd Dormer; Second Defendant: Gabriella Dormer
Jurisdiction
England and Wales
Judgment Date
08 May 2026
Procedural Posture
Civil Partnership Dispute / Final Consequentials Hearing After Liability and Account Trials
Outcome
Claimant's application for further interest refused; costs orders from prior phases maintained; no order as to costs for the account phase; mechanism for realisation of partnership assets determined.
Legal Topics
Dissolution of Partnership, Breach of Trust, Account of Partnership, Costs Orders, Interest on Partnership Loans, Realisation of Partnership Assets
Partnership Law Equity and Trusts Civil Procedure Dissolution of Partnership Breach of Trust Account of Partnership Costs Orders Interest on Partnership Loans +1 more

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Parties

Ulrich Rued

Claimant

Lloyd Dormer

First Defendant

Gabriella Dormer

Second Defendant

Procedural Posture

Civil Partnership Dispute / Final Consequentials Hearing After Liability and Account Trials

Legal Issues

  1. 1 Whether further interest should be awarded to the claimant beyond that already accounted for
  2. 2 How costs should be allocated for the liability and account phases
  3. 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 regime governs and section 42 of the Partnership Act 1890 does not apply. The liability-phase costs order in favour of Ulrich stands and is not varied, as neither party's Part 36 offer justifies a change and the costs were incurred due to Lloyd's unsuccessful resistance on core issues. For the account phase, there is no order as to costs, as the account was a necessary and neutral process following dissolution. The realisation of partnership assets, including Plot 9, will proceed by open-market valuation, with Lloyd given the option to purchase at full value, ensuring Ulrich receives the economic...

Court Disposition

Claimant's application for further interest refused; costs orders from prior phases maintained; no order as to costs for the account phase; mechanism for realisation of partnership assets determined.

Orders

  • No further interest awarded to Ulrich beyond that already in the account.
  • Liability-phase costs order in favour of Ulrich stands and is not varied.