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ARTICLE · 09 JUNE 2015

Bermuda Partnership Law Receives Significant Updates

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A new streamlined charge registration process is now available to Bermuda partnerships which have elected to have legal personality.

BermudaCorporate/Commercial Law
Neil Henderson
Neil Henderson
Peter Ch'Ng
Peter Ch'Ng
Anthony Whaley
Anthony Whaley
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Bermuda's Partnership law has 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").

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.

The changes introduced by the Partnership Law Amendments fall into two main categories: (1) innovative changes which further enhance the Bermuda partnership as a premier offshore product in the investment fund, private equity, holding entity and financing spaces and (2) market and investor driven changes which add flexibility to the management of Bermuda partnerships.

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