Due to the Coronavirus, our Hong Kong office is closed until further notice as we prioritise the health and wellbeing of our colleagues in Asia. We will continue to provide uninterrupted legal and fiduciary services to our clients either via our Hong Kong personnel who will work remotely or via our worldwide network of offices. Please email your usual contact in the Hong Kong office of Appleby and they will respond as soon as they can.
First published by Appleby in January 2017
Limited Liability Partnerships (LLPs) are partnerships governed by the terms of their partnership agreements with some benefits also attributable to companies such as a separate legal personality and limited liability for members. LLPs were introduced in Jersey in 1997 under the Limited Liability Partnership (Jersey) Law 1997 (the 1997 Law) and have since been used for a variety of purposes.
In Autumn 2016, the draft Limited Liability Partnership (Jersey) Law 201- (the New Law) was approved by the States Assembly aiming to make Jersey LLPs more competitive for use as a vehicle of choice for local and international business. The New Law is subject to crown assent and it is anticipated to come into force in early 2017.
For more information regarding the proposed changes, please read more.
