245. Application of existing law to limited liability partnerships.

Partnership law does not, in general, apply to a limited liability partnership ('LLP')1, although regulations2 may make provision about limited liability partnerships and oversea limited liability partnerships3 (not being provision about insolvency or winding up4) by applying or incorporating, with such modifications as appear appropriate, any law relating to partnerships5. Regulations may similarly make provision: (1) applying or incorporating, with such modifications as appear appropriate, any law relating to companies or other corporations which would not otherwise have effect in relation to them6; or (2) providing for any law relating to companies or other corporations which would otherwise have

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