ARTICLE · 11 SEPTEMBER 2015

Significant Amendments Made To Bermuda's Partnership Legislation

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Bermuda is widely perceived as a blue chip offshore financial centre (not just in insurance and mutual funds) and continues to introduce new or amend existing legislation to attract more investors to use the jurisdiction.

BermudaCorporate/Commercial Law

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Bermuda is widely perceived as a blue chip offshore financial centre (not just in insurance and mutual funds) and continues to introduce new or amend existing legislation to attract more investors to use the jurisdiction.

After extensive consultation with industry stakeholders, a series of amendments to Bermuda's partnership legislation were passed by the Bermuda government on May 29, 2015, and became operative in June 2015.

The amendments operate to broaden Bermuda's appeal as a premier offshore jurisdiction for private equity and investment funds generally, and add a competitive edge to operation of Bermuda partnerships.

The key changes to the existing partnership legislation are described below.

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