The Exempted Limited Partnership Law, 2014

The Exempted Limited Partnership Law, 2014 was Gazetted today and has now passed into law. This is a much-anticipated, and entirely revamped, version of the prior Exempted Limited Partnership Law. The revisions are based on three broad principles: to confer even greater contractual flexibility on the partners, to reflect developing trends in the formation, regulation and operation of private funds and to ensure consistency of advice on matters of Cayman Islands law.


Action Required

Parties that work with Cayman Islands exempted limited partnerships should familiarise themselves with the new law.

 

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CAYMAN ISLANDS
Tim BuckleyManaging PartnerT +1 345 814 4646 tim.buckley@walkersglobal.com
Melissa LimPartnerT +1 345 814 4512melissa.lim@walkersglobal.com
Rolf LindsayPartnerT +1 345 914 6307rolf.lindsay@walkersglobal.com
Caroline WilliamsPartnerT +1 345 914 6342caroline.williams@walkersglobal.com

HONG KONG
Denise WongPartnerT +852 2596 3303denise.wong@walkersglobal.com

LONDON
Hughie WongPartnerT +44 (0)20 7220 4982hughie.wong@walkersglobal.com

SINGAPORE
Thomas GrangerPartnerT +65 6603 1694thomas.granger@walkersglobal.com