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Revised Exempted Limited Partnership Law

July 2014 - Corporate & Commercial. Legal Developments by Stuarts Walker Hersant Humphries.

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The revised law applicable to Exempted Limited Partnerships ("ELPs"), the Exempted Limited Partnership Law (2014 Revision) (the "Law"), came into force on 2 July 2014.

The purpose of the revised Law is principally to enhance Cayman's partnership formation framework by providing much more contractual flexibility and to help align the drafting of a Cayman Islands partnership agreement with that of an onshore partnership in, for example, master/feeder structures.

To read our detailed legal update click here revised_exempted_limited_partnership_law