By: R. C. I'Anson Banks
The 19th edition of this text includes in-depth, high-level coverage of key developments, such as the Law Commission's review of partnership law and the effect on partnership law of the new Insolvency Act.
"Lindley & Banks on Partnership" is a seminal text on the law of partnerships, first published in 1860 and now in its 21st edition with a first supplement, edited by Roderick I'Anson Banks. Here is a comprehensive overview of the book:
Comprehensive Coverage: The book provides detailed and authoritative coverage of the law relating to both general and limited partnerships. It covers all aspects of a partnership's lifecycle, from its nature and formation to dissolution, winding up, and insolvency.
Practical Guidance: The text offers practical guidance on partnership law, including commentary on partnership agreements, dispute resolution, and partner liabilities both internally and externally.
Statutory and Case Law: The book examines statutory and case law related to partnerships, including key cases such as Boghani v. Nathoo, which discusses rights and duties under section 38 of the Partnership Act 1890.
Taxation and Insolvency: It also explains how partnerships are taxed and addresses issues related to insolvency, including the impact of restraint of trade on partnership agreements.
Limited Partnerships and LLPs: The text includes a separate section on limited partnerships, which are of increasing importance, especially in the financial services sector. Although limited liability partnerships (LLPs) are largely excluded, there is a short section on LLP agreements and numerous references to LLPs throughout the text.
The book is structured to cover all stages of a partnership's lifecycle:
The book has received positive reviews for its comprehensive and practical coverage of partnership law. Here are some key points from the critical reception:
Overall, "Lindley & Banks on Partnership" is a definitive guide to partnership law, offering detailed commentary and practical guidance on all aspects of a partnership's lifecycle.