Let me guess, TNIP: You reckon the respective percentages of effort put into the build determines the respective ownership percentages of the aircraft. Are you sure you’re not joint owners? No doubt there’ll be a detailed agreement setting out the ownership arrangements...
No, the aircraft is owned 50% by each 'owner' in a company structure. One of the 'owners' removed the director of the company (another person) and appointed himself as the director of the company (whilst the other owner was in hospital having open heart surgery). Unfortunately there is not a detailed ownership agreement.
So far you’ve managed to defame the other owner, throw your insurance under the bus and devalue the aircraft.
It is not defamation if it is all true information. The other party is welcome to monitor and download the activity of this thread and pass on to his lawyers. He will be embarrassed when this goes to court. There is a great deal of un-lawful activity that has taken place.
As far as de-valuing the aircraft goes, this is not a factor. It was an aircraft built for personal use.
The insurance company must be informed when an aircraft is in this state, they will be. The regulator must be informed, they have been. The Police have been informed.
Partnerships that go pear-shaped are a very rich vein for lawyers. Not so for the estranged partners.
Both parties have lawyered up, bring it on.
Much of the damage done by this thread has already been done, but I’d suggest you consider deleting it.
Why? The aircraft must be located for the following reasons:
Maintenance has been performed on the aircraft by the named, legal builder of the aircraft as per the Certificate of Airworthiness. This maintenance has not been able to be logged on either the MR or the aircraft's logbooks. This is a serious situation. If the aircraft has been moved from the airfield, the aircraft's ADSB function has possibly been disabled, illegal.
The aircraft must be located for those and other reasons. I re-iterate, if anyone knows the whereabouts of this aircraft, report it to the Bachhus Marsh Police or myself via PM.