Limited liability partnerships (“LLPs”) are common in many jurisdictions. This briefing summarises the principle features of Jersey LLPs. A new law The Limited Liability Partnerships (Jersey) Law 2017 (the “2017 Law”) came into force on 1 August 2018, fully repealing and replacing the 1997 law of the same name. The new law brings significant improvements, […]

On 1 August 2018, the new Limited Liability Partnerships (Jersey) Law 2017 will replace the Limited Liability Partnerships (Jersey) Law 1997. The new framework will make the Jersey Limited Liability Partnership (LLP) more competitive and the vehicle of choice for local and international businesses. The Jersey limited liability partnership (the LLP) was introduced in 1997. […]

Following changes to the law governing Jersey LLPs in 2013, the Jersey Financial Services Commission recently clarified and confirmed its approach to the licensing of LLPs. The key elements are: A partner in an LLP who participates in the management of that LLP may be either a natural person (wherever domiciled) or a company incorporated […]