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Limited Partnerships Private Fund Limited Partnerships (PFLPs)

Dechert LLP

Financial Services Quarterly Report - Second Quarter 2017: A New Lease of Life for Limited Partnerships in the UK

Dechert LLP on

The UK has introduced legislative changes that could reinvigorate the use of partnerships for private funds in the UK. The Legislative Reform (Private Fund Limited Partnerships) Order 20171 (Order), which introduces the...more

Hogan Lovells

Removing the limits - a new class of real estate investment vehicle

Hogan Lovells on

UK limited partnerships have been go-to investment vehicles for United Kingdom real estate for many years. Their attraction lies principally in their tax transparency, contractual flexibility and the limited liability...more

A&O Shearman

Private Fund Limited Partnership: The UK’s New Fund Vehicle

A&O Shearman on

With effect from 6 April 2017, the United Kingdom has overhauled its limited partnership legislation to create a new form of limited partnership: the Private Fund Limited Partnership (“PFLP”). The PFLP is designed solely for...more

A&O Shearman

UK Government Finalizes Amending Limited Partnership Legislation

A&O Shearman on

HM Treasury has published the final Legislative Reform (Private Fund Limited Partnerships) Order 2017...more

Skadden, Arps, Slate, Meagher & Flom LLP

"UK Updates Fund Management Law"

On March 29, 2017, the U.K. updated the law pursuant to which U.K. limited partnerships are constituted. It was the same day on which the government began the Brexit process that will fundamentally change the constitution of...more

Seyfarth Shaw LLP

New UK Limited Partnership for Private Funds

Seyfarth Shaw LLP on

On 6 April 2017, a new form of limited partnership came into existence with the introduction of a ‘private fund limited partnership’ (PFLP) under the Legislative Reform (Private Fund Limited Partnership) Order 2017 (LRO). ...more

Proskauer Rose LLP

Limited Partnership Reform – Streamlining the Existing UK Limited Partnership Regime for Private Funds

Proskauer Rose LLP on

On 6 April 2017, changes to the law governing UK limited partnerships will come into effect through the Legislative Reform (Private Fund Limited Partnerships) Order 2017 (the "LRO"). The changes introduce the new concept of a...more

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