ARTICLE · 27 AUGUST 2014

Qualifying Partnerships: The Guernsey Solution

Carey Olsen

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The Limited Liability Partnerships (Guernsey) Law, 2013 came into force on 13 May 2014.

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Christopher Anderson

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Carey Olsen recently assisted a client to form a Guernsey limited liability partnership ("Guernsey LLP") to act as general partner of a UK limited partnership for the purpose of ensuring that the UK limited partnership was not subject to the UK Partnership Accounts Regulations 2008 (the "Regulations"). We believe this is the first Guernsey LLP to be so used.

Qualifying Partnerships: The Guernsey Solution

The Limited Liability Partnerships (Guernsey) Law, 2013 (the "Law") came into force on 13 May 2014. A description of the features and potential uses of Guernsey LLPs can be found here. As that briefing anticipated, one of the potential uses of a Guernsey LLP is as a general partner vehicle, particularly in light of recent changes to the Regulations.

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