Sources of Partnership Disputes and the Limits of Managerial Authority
Partnership disputes are conflicts inside a society concerning managerial powers, access to information, and the withdrawal or expulsion of a partner. The Law on Entrepreneurs regulates the consent of partners and the removal of a managing partner's authority: the statute may require the prior, mandatory consent of the partners for certain transactions. The managing partner may conclude a transaction without the consent of the remaining partners where delay would cause grave consequences for the general partnership, of which the managing partner must immediately notify the other partners. Where an important ground exists — for instance, where a partner has grossly violated his or her duties or is unable to manage the society properly — the court may, upon the claim of the remaining partners, deprive the managing partner of the managerial authority.