Cayman Islands: The Exempted Limited Partnership Law 2014
The Exempted Limited Partnership Law 2014 (the ‘ELP Law’) came into force on 2 July 2014. The ELP Law is a major re-working of the now repealed Exempted Limited Partnership Law (2013 Revision) following extensive public and private sector consultation. The ELP Law gives partners greater contractual flexibility to determine their affairs and will enhance the overall attractiveness of the Cayman Islands as a domicile for partnership formation.
The amendments brought about by the ELP Law fall into three broad categories: (i) changes that are market and investor driven and that seek to maintain the Cayman Islands as the leading jurisdiction for the formation of private equity and other investment funds; (ii) changes that convey greater flexibility for partners to determine their business; and (iii) changes that broadly adopt concepts used in the Cayman Islands Companies Law, as far as applicable.
The list of persons who qualify as a general partner has been extended to include a limited partnership or limited liability partnership established in a recognised jurisdiction upon registration as a foreign limited partnership in the Cayman Islands…
Click on the link below to read the rest of the Conyers Dill & Pearman briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
The decision in Stichting Shell Pensioenfonds v Krys and another clarifies a liquidator’s authority in relation to antisuit injunctions.
Difficult questions often arise in connection with BVI companies, with regard to directors.