Private equity in Bermuda: the Bermuda limited partnership
Modern company, partnership, trust and other related laws have made Bermuda a leading offshore financial centre for the formation of private equity vehicles. The Bermuda government’s attitude towards, and open communication with, the private sector encourages the promotion and maintenance of Bermuda’s offshore business. The island enjoys a sophisticated telecommunications system, an abundance of professional service providers and economic and political stability.
The majority of private equity vehicles are structured as a limited partnership. As such, this memorandum focuses on partnerships in this context.
The principal statutes governing the formation and operation of Bermuda partnerships are…
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