Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Partnership definition

What does Partnership mean? A partnership is the common business arrangement where two or more persons run a business together for profit, usually under a firm name and often governed by a partnership agreement. In partnership law, this is the general partnership. The core legal definition comes from the Partnership Act 1890 (PA 1890): the relation subsisting between persons “carrying on a business in common with a view of profit.” Key legal features include: - Agency: each partner is an agent of the firm in the ordinary course of business. - Liability: partners have unlimited liability for partnership debts (joint in England & Wales and Northern...

General Partnership Insolvency: partner bankruptcy, dissolution, contributory calls and officer disqualification under IPO 1994, IR 2016 and IA 1986 (England and Wales)

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Practice notes

Applicable legislation

As amended, the Insolvent Partnerships Order 1994 (IPO 1994), SI 1994/2421, provides that IR 2016, SI 2016/1024, “as from time to time in force”, applies to insolvent partnerships, subject to whatever modifications are needed by the circumstances to give effect to IA 1986 and the Company Directors Disqualification Act 1986 (IPO 1994, SI 1994/2421, Art 18 and Sch 10) (see Practice Note: Partnerships and the disqualification regime). Before 8 December 2017 (and taking account of the transitional and savings provisions in the Insolvency (Miscellaneous Amendments) Regulations 2017), IPO 1994 stated that IR 1986, SI 1986/1925, “as from time to time in force”, applied to insolvent partnerships. That formulation indicates that, save as noted below, the wide-ranging changes to IR 1986 introduced by the Insolvency (Amendment) Rules 2010 with effect from 6 April 2010, also applied to insolvent partnerships. Where IR 2016 conflicts with IPO 1994, IPO 1994 takes precedence (IPO 1994, SI 1994/2421, Art 18(2)). IPO 1994 likewise prevailed in any inconsistency with IR 1986. Accordingly, IPO 1994 governed in precedence over both sets of Rules where necessary...

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Natasha Dzameh

St John's Chambers

Natasha is a specialist commercial and chancery barrister who is consistently ranked as a leading junior in Chambers UK and Legal 500. She has been described as someone who has “a good way with clients” as well as being “an assertive and tenacious advocate”, “very responsive, extremely thorough, pragmatic and easy to work with as part of the team”, “approachable” and “extremely intelligent, with an eye for practical and innovative solutions”. Natasha is often instructed as sole counsel in high value, multifaceted litigation. She has experience of acting as junior to senior counsel on particularly complex matters and working in teams of counsel on large scale, high value, document-heavy government disputes. Her clients range from individuals to major financial institutions and international companies including high street brands. Natasha’s main areas of expertise are: Commercial disputes – agricultural, banking and financial (including...

Web page updated on 21/05/2026

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