A review of the law of limited partnerships is underway and has begun with a call for evidence: see here (pdf). The review extends to England, Wales, Scotland and Northern Ireland (there are some legal differences between limited partnerships in these jurisdictions; in Scotland, for example, the limited partnership has separate legal personality). The review is wide-ranging, although it has been motivated in large part by the significant increase in the registration of Scottish limited partnerships and concerns that this may be linked to criminal activity. Between 2000/01 and 2009/10 there was a 63% increase in the number of limited partnerships registered in Scotland; between 2010/10 and 2015/16, the increase was 239%.
Monday, 23 January 2017
UK: reviewing limited partnership law - a call for evidence
A review of the law of limited partnerships is underway and has begun with a call for evidence: see here (pdf). The review extends to England, Wales, Scotland and Northern Ireland (there are some legal differences between limited partnerships in these jurisdictions; in Scotland, for example, the limited partnership has separate legal personality). The review is wide-ranging, although it has been motivated in large part by the significant increase in the registration of Scottish limited partnerships and concerns that this may be linked to criminal activity. Between 2000/01 and 2009/10 there was a 63% increase in the number of limited partnerships registered in Scotland; between 2010/10 and 2015/16, the increase was 239%.
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