Cayman Introduces The Limited Liability Partnership Bill, 2017

The Cayman Islands recently published The Limited Liability Partnership Bill, 2017 (“LLP Bill”), which will, when it becomes law, create a limited liability partnership (“LLP”) structure in the Cayman Islands. This will be an important tool for persons engaged in structuring investment vehicles, and is an alternative to the existing exempted limited partnership (“ELP”) structure under the Exempted Limited Partnerships Law (“ELP Law”).

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