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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This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
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