Justify dissolving partnership

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In terms of examples of just and equitable liquidation, we have seen that anything that was justify dissolving a partnership. Deadlock - people set up companies with 50 50 shareholder. 2 directors and 50 50 shareholder. Really need to have that numbers in company otherwise prospect of deadlock becomes very real. Major part of the business is lost. This is more historical than it is now bec we dont have corporate purpose. Lack of trust due to directors dishonesty and incompetence Oppressive conduct No hope of a profit - its interesting as there is no requirement for a company to make a profit. Nevertheless that is there. That has been decided in the past.

Reference no: EM133798927

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