The issuing of a consultation paper on the Jersey Law of Limited Liability Partnerships

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A decision made (22/04/2008) regarding: The issuing of a consulation paper on the Jersey Law of Limited Liability Partnerships ("LLP's").

Decision Reference MD-E-2008-0050
Decision Summary Title :	Limited Liability Partnerships consultation paper		Date of Decision Summary:	21 April 2008
Decision Summary Author:	James Mews Finance Industry Development Executive		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:
Written Report Title :	Limited Liability Partnerships consultation paper		Date of Written Report:	21 April 2008
Written Report Author:	James Mews Finance Industry Development Executive		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: The issuing of a consultation paper on the Jersey law of Limited Liability Partnerships (“LLPs”).
Decision(s): The Minister – (a) approved the consultation paper entitled, ‘Limited Liability Partnerships (Jersey) Law 1997: proposed revision’, and (b) agreed that the consultation paper should be published forthwith and that the public should be invited to respond to the paper on or before 11th July 2008.
Reason(s) for Decision: Numerous parties have stated that it would desirable to amend the Limited Liability Partnership (Jersey) Law 1997 to reflect international developments since that date. In accordance with States policy and to ensure all relevant factors are taken into account in any amendment, it is considered important that a consultation exercise is carried out.
Resource Implications: No measurable cost or manpower implications arise for the Commission, the States or industry.
Action required: The Minister to approve the consultation paper and the Finance Industry Executive to take such steps as are necessary for it to be issued forthwith.
Signature: Senator P.F.C.Ozouf		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):