Partnership & Business Disputes

Partnership and business disputes can threaten the very existence of a commercial enterprise. In Pakistan, these disputes are governed by the Partnership Act 1932 for unincorporated firms and the Companies Act 2017 for incorporated entities. Our firm provides comprehensive legal services for the resolution of disputes arising among partners, shareholders, and joint venture participants, including dissolution of firms, accounting of profits, valuation disputes, and claims of oppression and mismanagement.

Under the Partnership Act 1932, partners owe fiduciary duties of good faith, full disclosure, and utmost good dealing to one another. Disputes often arise over the division of profits, expulsion of partners, retirement, admission of new partners, and the dissolution and winding up of the partnership. Our practice includes suits for dissolution of partnership, rendition of accounts, and adjustment of partnership rights under Sections 39–55 of the Partnership Act. We also handle claims for damages arising from breach of partnership agreements.

For incorporated entities, we represent shareholders and directors in disputes involving oppression of minority shareholders, mismanagement, illegal allotment of shares, and removal of directors. We file petitions before the High Court and the Securities and Exchange Commission of Pakistan (SECP) under the Companies Act 2017. Our expertise extends to forensic accounting analysis, business valuation, and the tracing of partnership and corporate assets. We work closely with chartered accountants and business valuation experts to ensure accurate quantification of claims.