The two advertising holding companies, once aligned to share agency resources in the U.S. and Europe, dissolved their partnership in the mid-1990s.

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However, in the spring of 2011 the authority turned off about 40 speed cameras to cut costs and the Casualty Reduction Partnership was dissolved.

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They never agreed to such a thing, and if the partnership is dissolved with net liabilities, then the effect of such agreements is to stiff creditors.

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Then, in 2010, Sports Illustrated formed a digital partnership with Time Warner's Turner Sports subsidiary, which owns the rights to the NBA, NCAA Men's Division, Major League Baseball, Nascar and the PGA Championship and broadcasts them on Turner channels like TNT and TBS. The idea was to pool the brands' online traffic and give digital advertisers a bigger potential reach, but the partnership was dissolved in April.

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That means the partnership has already dissolved.

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Now the only thing both sides agree on is that the partnership between the Bakries and Bumi PLC should be dissolved.

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