Jersey Changes to Limited Partnerships (Jersey) Law 1994
04/01/2022
Notice has been provided to all limited partnerships registered under the Limited Partnerships (Jersey) Law 1994 (the “LP Law”) setting out the changes proposed to be made to the LP Law (the “Draft Amendments”).
About the consultation
The consultation is a legislative consultation relating to changes to the Limited Partnerships (Jersey) Law 1994. It is issued by way of:
- A notice explaining the proposed legislative changes to the Limited Partnerships (Jersey) Law 1994 and their impact on existing limited partnerships registered under this law
- The draft limited partnerships (Amendments No.2) (Jersey) Law 202-
Notice explaining changes to the Limited Partnerships (Jersey) Law 1994 = https://www.gov.je/SiteCollectionDocuments/Government and administration/Notice to all limited partnerships registered under the Limited Partnership.pdf
Draft Limited Partnerships (Amendments No.2) (Jersey) Law 202- =https://www.gov.je/SiteCollectionDocuments/Government and administration/ID Limited Partnerships Changes.pdf
The Draft Amendments have the following key objectives:
- To modernise, resolve any ambiguity and build greater flexibility into the LP Law to bring it into line with Jersey’s competitor jurisdictions as an international finance center
- To clarify the process for terminating a limited partnership
- To provide new reporting obligations and powers to the Registry to ensure the Register is kept up-to-date and accurate
- To provide wider amendment powers permitted to be made by way of secondary legislation to the primary Law to facilitate quicker and more efficient legislative change in the future.
Read more: - https://www.gov.je/government/consultations/pages/limitedpartnershipschanges.aspx
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.