Revised Laws of Saint Lucia (2021)

60.   Rights of international partners as to application of international partnership property

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    (1)   Subject to subsection (2), on the dissolution of an international partnership every international partner is entitled, as against the other international partners in the international partnership and all persons claiming through them in respect of their interests as international partners —

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      (a)     to have the property of the international partnership applied in payment of the debts and liabilities of the international partnership; and

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      (b)     to have the surplus assets after such payment applied in payment of what may be due to the international partners

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           respectively after deducting what may be due from them as international partner to the international partnership;

and for that purpose any international partner or his or her executors or administrators may on the termination of the international partnership apply to the court to wind up the business and affairs of the international partnership.

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    (2)   Where the dissolution of an international partnership is caused by a wrongful act of an international partner in contravention of the international partnership agreement such international partner shall be entitled only to the value of his or her interest in the international partnership at the dissolution less any damages payable by him or her to the other international partners for his or her breach of the international partnership agreement.