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LPs) under the Limited Partnerships (Guernsey) Law, 1995, as amended ( LP Law). Though registered pursuant to the LP Law, an LP is not generally a separate legal entity (although it can elect to have separate legal personality from its partners at the time of registration). An LP reflects a formal legal arrangement between one or more general partners of the LP and one or more limited partners of the LP. A general partner of a Guernsey LP is liable for all of the debts and obligations of an LP and is vested with certain duties and powers with respect to the business of the LP. On the other

To print this article, all you need is to be registered or login on Mondaq.com. Guernsey is a leading funds domicile with a proven track record of more than 50 years as an international financial centre, and as such, is increasingly recognised by fund sponsors and promoters as a leading centre for the formation, administration and cross-border distribution of investment business such as private equity, alternative investments, property funds, hedge funds and funds of hedge funds. As at the end of June 2020, there were over 800 funds domiciled in Guernsey, with the over...