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Limited Partnerships Law Review

July 2010 - Corporate & Commercial. Legal Developments by Ogier .

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The Limited Partnerships (Guernsey) Law, 1995, as amended (the Limited Partnerships Law) provides a statutory framework for the establishment and operation of limited partnerships in Guernsey. A briefing, Limited Partnerships in Guernsey, has been prepared and is available on request or online www.ogier.com

Review Guernsey

takes a pro-active approach to the development of its core commercial and financial services legislation. This includes ongoing communication with interested parties (notably those in the finance industry) and monitoring developments in other jurisdictions. As part of this ongoing review of Guernsey’s commercial laws, the Guernsey Commerce and Employment Department (the Department) has recently proposed a number of amendments to the Limited Partnerships Law with a view to:

ď‚· increase the flexibility of Guernsey limited partnerships;

 introduce innovations to maintain Guernsey’s position as a highly regarded and competitive jurisdiction; and

ď‚· ensure that the Limited Partnerships Law remains at the forefront of commercial legislation.

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