Legal News

Proposed changes to the UK limited partnership framework

Published on: 03 February 2017
Published by: LexisPSL
  • Proposed changes to the UK limited partnership framework
  • Original news
  • What is the background to the LRO?
  • What type of vehicle can benefit from the changes and will they apply automatically?
  • What are the main changes that are being introduced?
  • The introduction of a ‘white list’ of activities that can be undertaken by limited partners
  • Capital contributions
  • Winding up
  • Removal of certain statutory duties
  • Administration and information requirements
  • More...

Article summary

Corporate analysis: What is the current status and proposed impact of the Legislative Reform (Private Fund Limited Partnerships) Order 2017 (LRO)? Sharon Ayres, partner, and Alastair Dolman, associate, both at Gowling WLG, explain that the changes the LRO could initiate when it comes into force in April 2017 are, overall, to be welcomed. However, they point out that the changes may ultimately be short-lived, considering the call for a review of the UK limited partnership framework from the Department for Business, Energy & Industrial Strategy. or take a trial to read the full analysis.

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