Administration of a Limited Liability Partnership
Produced in partnership with Andy Taylor of Isadore Goldman Limited, and Emma Knight and Michael Smith of Three Stone
Administration of a Limited Liability Partnership

The following Restructuring & Insolvency practice note Produced in partnership with Andy Taylor of Isadore Goldman Limited, and Emma Knight and Michael Smith of Three Stone provides comprehensive and up to date legal information covering:

  • Administration of a Limited Liability Partnership
  • Coronavirus (COVID-19) and the Corporate Insolvency and Governance Act 2020
  • Brexit impact
  • Applicable legislation
  • Jurisdiction
  • Applying the Insolvency Act and Rules to LLPs
  • Putting an LLP into administration
  • Application for an Administration Order
  • Out-of-court appointment by the LLP
  • Out of court appointment by the holder of a Qualifying Floating Charge (QFC)
  • More...

This note explains how a Limited Liability Partnership (LLP) can be placed into administration, and what powers the administrator has. This Practice Note does not apply to Limited Partnerships (see Practice Note: Limited partnership insolvency).

Coronavirus (COVID-19) and the Corporate Insolvency and Governance Act 2020

This content is affected by the coronavirus (COVID-19) pandemic and the Corporate Insolvency and Governance Act 2020 (CIGA 2020), including temporary changes to winding-up petitions and filing requirements. For further details on the impact of coronavirus on restructuring, see our Coronavirus (COVID-19) toolkit and for related news, guidance and other resources to assist practitioners working on restructuring and insolvency matters, see: Coronavirus (COVID-19)—Restructuring & Insolvency—overview.

CIGA 2020 received royal Assent on 25 June 2020 and makes a number of significant changes to insolvency law as it related to LLPs, including introducing two new procedures: the moratorium and the restructuring plan. For further details, see: Corporate Insolvency and Governance Act 2020—overview. For further details on the moratorium procedure see Practice Note: Corporate Insolvency and Governance Act 2020—moratorium and for further details on the restructuring plan, see Practice Note: Corporate Insolvency and Governance Act 2020—restructuring plan provisions.

Brexit impact

As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be

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