JerseyAntitrust/Competition Law
It is possible to register limited partnerships in both Jersey and Guernsey, in Jersey under the Limited Partnerships (Jersey) Law 1994 and in Guernsey under the Limited Partnerships (Guernsey) Law 1995.
A limited partnership comprises one or more general partners acting on behalf of a number of limited partners. The general partners operate the business of the partnership on behalf of the limited partners. Typically, the liability of the limited partners will be confined to the capital that they have contributed or agreed to contribute to the partnership and the general partners will be liable for the remaining debts of the partnership. A limited partner may incur unlimited liability if he participates in the conduct or the management of the business or if he otherwise transacts business on behalf of the partnership.
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