No more deep pockets
Trevelyan, L.
No more deep pockets - 2004 - Law Society's Gazette 101(33) 2 September 2004, 22-25(3) .
Examines the effect of the introduction of the Limited Liability Partnerships Act 2000. This allowed for the creation of a new legal entity which once registered as a Limited Liability Partnership (LLP) is liable to third parties rather than its members. Points out the advantages of this scheme which includes the recruitment and retension of staff as well as the obvious benefit of limiting of liability. Also discusses the uncertainties connected to this area including whether individual members are completely absolved of responsibility for liability, or if a member of an LLP can be sued for negligence.
LIMITED LIABILITY PARTNERSHIPS ACT 2000
LIMITED LIABILITY PARTNERSHIPS
LAW FIRMS
THIRD PARTY RIGHTS
No more deep pockets - 2004 - Law Society's Gazette 101(33) 2 September 2004, 22-25(3) .
Examines the effect of the introduction of the Limited Liability Partnerships Act 2000. This allowed for the creation of a new legal entity which once registered as a Limited Liability Partnership (LLP) is liable to third parties rather than its members. Points out the advantages of this scheme which includes the recruitment and retension of staff as well as the obvious benefit of limiting of liability. Also discusses the uncertainties connected to this area including whether individual members are completely absolved of responsibility for liability, or if a member of an LLP can be sued for negligence.
LIMITED LIABILITY PARTNERSHIPS ACT 2000
LIMITED LIABILITY PARTNERSHIPS
LAW FIRMS
THIRD PARTY RIGHTS