Her Majesty’s Government of Gibraltar published the Limited Partnerships Bill on 29th October 2020.
The Bill is a welcomed revamp of the existing Limited Partnerships Act 1927. Although the Bill mostly mirrors the provisions in the 1927 Act (with a modern twist), it will introduce several interesting changes to the limited partnership regime.
Line Group’s associated law firm, Hassans, has provided a brief synopsis of the changes. NB this summary does not cover the changes relating to funds, for more information on these changes, click here.
For more information, please get in touch with your Manager or, Hassans’ Richard Buttigieg or Chloe Oppeinheimer Fa.