UK Limited Partnership Law Reform Two Developments
In the same week that Theresa May declared the UK would be leaving the EU Single Market, the government took steps to make UK vehicles more attractive for private funds. Legislation for a new form of limited partnership, a "private fund limited partnership" was laid before Parliament on 16 January 2017. The new regime will apply to limited partnerships which meet the "private fund conditions", and is expected to come into force on 6 April 2017.
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