Illegal Partnership

Illegal Partnership

1. A partnership formed for the purpose of committing illegal acts. For example, two organized crime groups may form an illegal partnership.

2. A partnership that does not conform to applicable regulations governing partnerships. For example, a partnership with more than 20 partners is, under most circumstances, illegal.
References in periodicals archive ?
That deal dropped like a bomb into the heart of Mexico's media congloms, igniting the launch of Todos Unidos Contra de Telcel (TUCONTEL), a consortium of some 20 webs, cablers and telcos, not coincidentally backed by Azcarraga and Salinas-Pliegro, which have sued Slim's companies over multiple issues including allegations over an illegal partnership between Telmex and Dish; unfairly high interconnection and termination rates with Telcel and Telmex--both part of Slim's umbrella corporation, Grupo Carso (GC); plus a fairly wide swath of legal minutae that can be generally described as "monopolistic practices.
He served on a Enron diversity committee and developed a remarkably close relationship with Fastow, helping him structure many of Enron's illegal partnerships.