Limited liability partnerships in Guernsey
The Limited Liability Partnerships (Guernsey) Law 2013 (LLP Law) is now in force and from 13 May 2014 the Registrar of Limited Liability Partnerships has been in a position to accept applications to register limited liability partnerships incorporated under the new law. Limited liability partnerships combine the flexible features of general partnerships with the benefit for its members of limited liability.
As such, it has become a vehicle of choice for professional persons in jurisdictions in which it has been introduced. However, as the LLP Law provides a flexible vehicle, we anticipate it may be usefully applied in a variety of commercial contexts and provide additional structuring options. As such, it will be of interest to both the local and international business community.
The central characteristics of a limited liability partnership established under the LLP Law are as follows…
Click on the link below to read the rest of the Ogier 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 Ogier
News from The Lawyer
Briefings from Ogier
The BVI has published the Securities and Investment Business (Incubator and Approved Funds) Regulation. These Regulations introduce two new funds products into the BVI’s funds offering,
The British Virgin Islands Financial Services Commission has introduced two new funds products, the ‘Incubator Fund’ and the ‘Approved Fund’.