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ARTICLE · 14 JULY 2015

Bermuda Partnerships – A Change For The Better

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The amendments introduce a register of charges to be maintained by the Registrar of Companies which register can be used in relation to partnerships which have elected to have separate legal personality.

BermudaWealth Management
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Bermuda has bolstered its position as a premier jurisdiction for private equity financing transactions and funds generally, with its informed and decisive implementation of a series of innovative changes to the existing partnership legislation.

One of the key strengths of Bermuda as a premier business jurisdiction is the approachability of the regulators and their willingness to listen to, and respond to, industry needs in an inclusive and commercial manner, whilst protecting the Bermuda brand. In response to these evolving industry requirements, amendments have been made to the Partnership Act 1883, the Exempted Partnerships Act 1992, the Limited Partnership Act 1883 and the Companies Act 1981.

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