Bermuda Partnership Law Enhancements Come Into Effect

Update: Bermuda's Partnership law received a significant update with the enactment of the Partnership Amendment Act, 2015, the Exempted Partnerships Amendment Act, 2015, the Limited Partnership Amendment Act, 2015 and the Companies Amendment Act, 2015 (together, the "Partnership Law Amendments"). The Partnership Law Amendments have been in effect since December 2015 and Bermuda partnerships and companies are now able to avail themselves of the provisions as described below.

Following extensive consultation with the public and private sector, the Partnership Law Amendments are a major re-working of Bermuda's partnership product, further enhancing the overall appeal of Bermuda as a premier domicile for partnership formation.