Limited partnerships and insolvency—key principles
Produced in partnership with Martha Maher retired barrister of St John’s Chambers
Limited partnerships and insolvency—key principles

The following Restructuring & Insolvency practice note Produced in partnership with Martha Maher retired barrister of St John’s Chambers provides comprehensive and up to date legal information covering:

  • Limited partnerships and insolvency—key principles
  • Coronavirus (COVID-19) and the Corporate Insolvency and Governance Act 2020
  • Brexit impact
  • Applicable legislation
  • Private fund limited partnerships
  • Key principles of limited partnerships
  • Companies House requirements
  • Dissolution
  • Bankruptcy/insolvency of limited partner
  • Company or partnership?
  • More...

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). 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. For further information on CIGA 2020, see Corporate Insolvency and Governance Act 2020—overview.

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 subject to EU law. References to exit day in many Brexit SIs are to be read as reference to IP completion day (Implementation Period completion day, defined in clause 39 as 31 December 2020 at 11.00 pm) (unless that provision is expressly disapplied by the SI in question). For further details, see News Analysis: Brexit—impact of the Withdrawal Agreement and European Union (Withdrawal Agreement) Act 2020 for R&I lawyers and Brexit Bulletin—key updates, research tips and resources. For details of the impact on the Recast Regulation on Insolvency, see Practice Note: Brexit—impact on Recast Regulation on Insolvency.

Applicable legislation

Limited partnerships are created under the Limited Partnerships Act 1907 (LPA 1907). The

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