Episode 8: Derivative actions in the LLP context

In our latest podcast our partner Dean Fuller and Associate Eleanor Diamond examine a lesser-known remedy that members of an LLP may consider when they have suffered loss due to actions of the majority, opening up the possibility for members to bring their claim using the firm’s funds. There are number of recent cases which are of particular importance when considering derivative actions in the LLP context and, in the light of these, Dean and Eleanor discuss:

• The potential for members to bring actions on behalf of the LLP against a wrongdoing majority
• What we can learn from recent case law in this area
• The advantages and potential pitfalls of bringing derivative actions