859. Petition by the Board

(1) This section applies to an LLP in respect of which —
(a) the Board has exercised its powers of investigation under the Companies Regulations, or
(b) the Board has received a report from an investigator appointed by it under that Part.
(2) If it appears to the Board that in the case of such an LLP —
(a) the LLP's affairs are being or have been conducted in a manner that is unfairly prejudicial to the interests of members generally or of some part of its members, or
(b) an actual or proposed act or omission of the LLP (including an act or omission on its behalf) is or would be so prejudicial, it may apply to the Court by petition for an order under this Part.
(3) The Board may do this in addition to, or instead of, presenting a petition for the winding up of the LLP.