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ARTICLE · 11 OCTOBER 2022

Jersey's Limited Partnership Law

Jersey Finance Limited
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The Jersey limited partnership structure is used extensively for international fund structures, especially in the private equity and venture capital asset classes.

JerseyCorporate/Commercial Law
Jersey Finance
Jersey Finance
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The Jersey limited partnership structure is used extensively for international fund structures, especially in the private equity and venture capital asset classes. Reasons for its popularity include that the limited partnership structure offers tax neutrality and limited liability to its limited partners.

How has the law been enhanced?

Jersey has introduced changes to the Limited Partnership Law to modernise it and build greater flexibility, recognising developments in other jurisdictions. The amendments also create a clearer termination process and provide wider amendment powers, by way of secondary legislation, to facilitate quicker and more efficient legislative change in the future. The changes complement an amendment made in 2020 to enable foreign limited partnerships to migrate to Jersey quickly and seamlessly.

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