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Offshore Partnership Laws

 

[List of selected offshore legislations]

 

Bahamas

              Exempted Limited Partnership Act, 1995

 

British Virgin Islands

              Limited Partnerships Act, 1996

 

Cayman Islands

              Exempted Limited Partnerships Law, 1991

              Partnership Law, 1995

 

Guernsey

              Limited Partnerships (Guernsey) Law, 1995

              Partnership (Guernsey) Law, 1995

 

Isle of Man

              Partnership Act, 1909

 

Jersey

              Limited Partnerships (Jersey) Law, 1994

 

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Excerpts from Offshore Partnership Laws

 

[Jersey]

Limited Partnerships (Jersey) Law 1994

Article 21

Assignments

 

(1)   A limited partner shall not assign his interest, in whole or in part, in the limited partnership unless –

(a)   all the limited partners and all the general partners consent or the partnership agreement permits it; and

(b)   the assignment is made in accordance with the terms of the consent or the partnership agreement, as the case may be.

(2)   An assignee of the interest, in whole or in part, of a limited partner does not become a limited partner in the limited partnership until his ownership of the assigned interest is entered in the register referred to in sub-paragraph (a) of paragraph (4) of Article 8, and until so entered he has none of the rights of a limited partner excisable against the partnership or against any of the partners other than the assignor.

(3)   Subject to paragraph (4), on becoming a limited partner, an assignee acquires the rights and powers and is subject to all the restrictions and liabilities that his assignor had in respect of the assigned interest immediately before the assignment.

(4)   On becoming a limited partner an assignee shall not assume any liability of the assignor arising under paragraph (3) of Article 19 and, notwithstanding any term of the partnership agreement or any other agreement to the contrary, no such assignment shall relieve the assignor of any liability under those paragraph.

 

 

Legislations of Offshore Financial Centers (assorted by subject)

              Offshore Trust Laws

              Offshore Legislations on Fiduciary and Administration Businesses

              Offshore Legislations on Investment Funds and Protection of Investors

              Offshore Banking Laws

              Offshore Company Laws

 

Private Banks and Private Banking

Private Bank Account Opening@

 

àPrivate Salon Conference for Hedge Funds

àTranslation of Fund Prospectus, Offering Memorandum, etc.

àHow to Open a Cayman Bank Account

 

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