In a recent case the High Court has confirmed that a partnership profit share can be forfeited for breach of the fiduciary duty owed by a partner to a partnership as agent. With partnerships and LLPs, there is a conceptual difference between profit share and remuneration and the claimant had argued that forfeiture had no application to partnership profits as the distribution of profits is always a matter of contractual bargain. It is settled law that there are circumstances in which a fiduciary (generally meaning a person to whom power or property is entrusted for the benefit of another, and thus which can be an agent) who acts in breach of its fiduciary duties can lose its right to remuneration. The High Court has confirmed that the latter principle can apply not just to a partner's remuneration, but also to his or her profit share in the partnership.