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Law Drafting Instructions - Limited Partnerships.

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A decision made (21/12/2006) regarding Approval of Law Drafting Instructions in relation to Limited Partnerships.

Subject:

Approval of law drafting instructions in relation to Limited Partnerships

Decision Reference:

MD-E-2006-0224

Exempt clause(s):

 

Type of Report:

(oral or written)

Written

Person Giving Report (if oral):

 

Telephone or

e-mail Meeting?

 

Report

File ref:

 

Written report – Title

Limited Partnerships– Law Drafting Proposals

Written report – Author

(name and job title)

Paul de Gruchy, Director, Finance Industry Development

Decision(s):

To approve the law drafting proposals in relation to amendments to the Limited Partnerships (Jersey) Law and a new Incorporated Limited Partnerships (Jersey) Law and request that the Director, Finance Industry Development liaise with the law draftsman to bring forward draft legislation for Ministerial approval.

Reason(s) for decision:

The changes proposed will provide Jersey with a limited liability partnership vehicle that has separate legal personality, while preserving the integrity of the existing limited partnership vehicles. The changes will also assist in clarifying the nature of Jersey limited partnerships and certain aspects of the registration of limited partnerships.

Action required:

Paul de Gruchy to liaise with the law draftsman and revert when legislation is ready for ministerial approval.

Signature:

Senator P.F.C.Ozouf

(Minister)

Date of Decision:

21 December 2006

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