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.