The Law Of Limited Liability Partnerships

The Law of Limited Liability Partnerships, Fifth Edition is an indispensable book for all those who advise on the legal and taxation aspects of incorporating and running an LLP. It combines concise description, practical guidance and penetrating analysis of problem areas. It also offers an international perspective through a comparative analysis of the UK LLP structure and those being enacted overseas in Canada, Dubai, India, Japan, Qatar, Singapore, the USA and other jurisdictions. Comprehensively setting out the law of LLPs in England and Wales, the Fifth Edition includes coverage and analysis of: - Newey J's decision in Hosking v Marathon Asset Management LLP [2017] on the application of the fiduciary forfeiture rule to LLP profit sharing - the Court of Appeal decision in Grupo Mexico de CV v Registrar of Companies [2019] on rectifying the companies and LLP registers - recognition of the limited liability of foreign LLPs in the light of the Privy Council decision in Investec Trust (Guernsey) Limited v Glenella Properties Limited [2018] - ICC Jones's decision in McTear v Eade [2019] in relation to provability of debts owed to members and insolvency setoff - decisions on section 214A of the Insolvency Act 1986 - further development of the law on repudiation of LLP agreements - the continuing development of the law on discretionary decision making in the light of the Supreme Court decision in BP Shipping v Braganza [2015] and on duties owed by LLP members - decisions on derivative claims in Harris v Microfusion 2003-2 LLP [2016] and Kallakis v AIB Group PLC [2020] - administration orders in Patley Wood Farm LLP v Brake [2016] Specialist contributors have written chapters on: Financial Services Regulation and LLPs; Taxation of LLPs; Members and Discrimination; and Whistleblower Protection.

This is a comprehensive guide to the law relating to this particular type of corporate vehicle, which combines a degree of protection from personal liability with the traditional flexibility of a partnership.

Dealing with the modern practical issues inherent in setting up, running and dissolving a partnership, this text provides the reader with a definitive statement of the law using modern terminology relevant to current business practice. The emergence of limited liability partnerships is the biggest development in this area in a number of years, and this second edition of the specialist practitioner text covers recent advances in the law.

The Uniform Partnership Act (1997) (RUPA) is a far-reaching revision and modernization of the law of partnerships. This prototype agreement explores how a partnership agreement can be crafted to the new environment.

The Law of Limited Liability Partnerships is a comprehensive guide to the law relating to this particular type of corporate vehicle, which combines a degree of protection from personal liability with the traditional flexibility of a partnership. Substantially expanded and updated since the first edition (Limited Liability Partnerships: The New Law), this second edition addresses the issues which practitioners in the UK find are arising, as increasing numbers of businesses and existing partnerships become LLPs. New material includes: the effect of the SORP for accounting by LLPs, issued in May 2002; the application to LLPs of confidentiality orders, permitting the non-disclosure of addresses; a new section on LLPs as collective investment schemes; the implications for LLPs of the new insolvency provisions introduced by Insolvency Act 2000 and the Enterprise Act 2002; and a new chapter on issues of jurisdiction and the position of overseas LLPs carrying on business in England. The book is accompanied by an invaluable CD-ROM containing the Companies Act 1985, Insolvency Act 1986 and the Company Directors Disqualification Act 1986, as modified by the various regulations accompanying the Limited Liability Partnerships 2000. Additional statutory and regulatory material is also included, such as the LLP SORP and EU Insolvency Regulation.

The Law of Limited Liability Partnerships is the leading text on this popular corporate vehicle. Containing penetrating analysis of problem areas, as well as practical guidance, it comprehensively sets out the law of limited liability partnerships in England and Wales.This fourth edition has been brought completely up to date and includes new chapters on employment and worker status (2012 Court of Appeal decision in Tiffin v. Lester Aldridge LLP; and 2014 Supreme Court decision in Bates van Winkelhof v. Clyde & Co LLP), and discrimination and whistleblower protection as it affects LLPs. This new edition also contains commentary on recent case law including: Flanagan v Liontrust Investment Partners LLP in relation to the application of the doctrine of repudiation; F&C Alternative Investments (Holdings) Limited v. Francois Barthelemy and others in relation to members' duties; Inversiones Frieira SL v. Colyzeo Investors II LP and Hilton v. D IV LLP in relation to partners'/members' rights to access information; and Reinhard v Ondra LLP in relation to the formation of LLP agreements.

Provides comprehensive coverage of various aspects of the administration of civil justice and developments in civil procedural law. This work serves as a topical and practical forum for information about developments and reforms that takes place throughout the world in the machinery of civil justice