Abdul Rahman Hayel v Abdul Aziz Hayel & Anor
The partnership was dissolved by agreement on 31 May 2018 and must be wound up. The partnership accounts for 2008 and 2016 contained serious and significant errors, specifically the erroneous attribution of drawings and misapplication of partnership funds by the Claimant, which must be corrected. The errors are not excused by the passage of time or the apparent acquiescence of the First Defendant, given his lack of understanding and the Claimant's control over the accounts. The documents signed on 28 May 2018 were not intended to be legally binding and do not govern the winding up.
Source excerpt
- Dissolution of partnership
- Winding up of partnership
- Correction of partnership accounts
- Surcharge and falsification of accounts
- Binding effect of signed accounts
- Errors in partnership accounts