Waite ex rel. Bretton Woods Acquisition Co. v. Sylvester

Cross-appeals from the decision of the Superior Court (Manias, J.) present five issues arising from disputes among the partners of the Bretton Woods Acquisition Company (BWAC), a Georgia limited partnership: (1) whether removal of John E. Sylvester, Jr., the defendant, as co-managing partner of BWAC violated either the partnership agreement or implied covenants of good faith and fair dealing; (2) whether the defendant was entitled to the managing partner’s fee and distribution as a general partner after his removal; (3) whether proceeds from the sale of resort assets could be distributed in…