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Revised Exempted Limited Partnership Act Comes into Force

The revised law applicable to Exempted Limited Partnerships (“ELPs”), the Exempted Limited Partnership Act (2014 Revision) (the “Law”), came into force on 2 July 2014.

The purpose of the revised Law is principally to enhance Cayman’s partnership formation framework by providing much more contractual flexibility and to help align the drafting of a Cayman Islands partnership agreement with that of an onshore partnership in, for example, master/feeder structures.

Click here to download and read our detailed legal update PDF on ELPs.

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Chris Humphries

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Tel:+1 (345) 814-7911

This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.

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