2.3.De PA luidt - voor zover hier relevant - als volgt.
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SECTION 5
STEWARDSHIP RESPONSIBILITIES
Each Partner recognizes and understands that at all times the Partners should act in a stewardship capacity in respect to both BearingPoint Holding B.V. and the BE Group Company of which they are a Practitioner and, accordingly, that each Partner has the responsibility for those Practitioners whose careers are substantially ahead of them and to participate to the greatest possible extent in the development of BearingPoint. This requires constant subordination of personal interests and of maximum financial gains of the individual Partners. It also recognizes, however, that financial soundness and good income performance are required to make possible such investment in the future and to attract and retain outstanding professionals for future growth. All Partners shall have a responsibility to act in accordance with the firm’s values, ethical principles and comply with its rules.
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SECTION 20
REMOVAL, RESIGNATION AND RETIREMENT OF PARTNERS
Section 20.1 Removal. Unless this Partnership Agreement is terminated pursuant to
Section 23, a Partner will cease to be a Partner (a “Removed Partner”) (..), upon the first of the following events to occur:
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c) Cause
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Section 20.4 Removal for Cause. Any Partner may, subject to the Partner Disciplinary Action Procedure set forth in Section 29.3 below, be removed from Partnership in BearingPoint Holding B.V. for cause by the affirmative vote of two thirds (2/3) of the Partners, at any time without formal notice, except as otherwise stipulated in this Section 20. In the event of removal for cause, the Partnership’s obligations hereunder shall immediately cease and terminate and Partner shall be immediately relieved of all of his responsibilities and authorities as a Partner and as an officer, director and employee of each and every affiliate in any BE Group Company. For purposes of this Section 20.4, “cause” shall mean, or include, without limitation:
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3) Removal as evidenced by a resolution adopted in good faith by the Partnership Board concluding that the Partner:
a. intentionally and continually failed substantially to perform his reasonably assigned duties with the Partnership or a BE Group Company employs the Partner as a Practitioner (other than a failure resulting from Partner’s incapacity), which failure has continued for a period of at least 30 days after a written notice of demand for substantial performance, signed by a duly authorized member of the Partnership Board, has been delivered to the Partner,
b. intentionally engaged in conduct which is demonstrably and materially injurious to the Partnership or a BE Group Company that employs the Partner as a Practitioner; provided, however, that no termination of Partner’s employment shall be for cause as set forth in this subsection 20.4.4 (b) until (1) there shall have been delivered to Partner a copy of a written notice, signed by a duly authorized member of the Partnership Board, stating that the Partnership Board has determined that Partner has engaged in the conduct set forth in this subsection b), and (2) Partner shall - have been provided an opportunity to be heard by the Partnership Board
pursuant to Section 20.9 below;
c. willfully or repeatedly engaged in misconduct or gross negligence in the
performance of his duties to the Partnership or any BE Group Company,
that has a material detrimental effect on the Partnership;
d. committed an act of fraud, theft or dishonesty against the Partnership or any BE Group Company or any act or omission intended to result in the
personal enrichment of the Partner or his relatives in violation of law or of his duty of loyalty to the Partnership or any BE Group Company at the expense, directly or indirectly, of the Partnership or any BE Group Company;
e. violated any covenants in his employment contract with any BE Group Company respecting covenants to keep Company information confidential, non-competition and non-solicitation of employees or clients, or engaging in unfair competition as set forth in Section 29.11 (a) (iii)s; or (..)
Section 20.8 Effect upon Removal.
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In addition to the foregoing (..) any Removed Partner will concurrently automatically lose his rights to be a Shareholder under the Articles, as more specifically provided in Article 4.5 of Chapter III of the Articles. Any notice provided under this Section 20 respecting the removal of a Partner shall be deemed an announcement pursuant to Chapter VI, Article 14.1 of the Articles, thereby removing a Partner’s right to attend or cast a vote at any meeting of Shareholders. BearingPoint Holding B.V. shall have the authority, in addition to removing the Partner from its records, take whatever other action that may be required or appropriate to reflect the termination of the removed Partner’s Shareholder rights,
including sending a compulsory transfer notice requiring the Removed Partner in question to transfer his shares to BearingPoint Holding B.V. at such price as determined under Section 22.1, in accordance with the procedures set forth in Section 20.10 and the Articles.
A Removed Partner shall be entitled to no compensation whatsoever from BearingPoint Holding B.V. for removal from such status except as otherwise provided herein.
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Section 20.9 Transfer of Shares. Subject to the Articles, a Removed Partner, or his heirs in the event of his death, shall, as soon as reasonably practicable, transfer his Class A and B Shares to BearingPoint Holding B.V. for payment in cash at the price determined under Section 22.1 (..)
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Section 20.10 Procedure for the Transfer of Shares.
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This Partnership Agreement shall be governed by and construed in accordance with the laws of the Netherlands.
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