News & Insights

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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