Regulatory Alerts2023-03-21
Partnership (Amendment) Act, 2023
The Legislature of the Virgin Islands enacted this Act to amend the Partnership Act, Revised Edition 2020, by introducing a comprehensive regulatory framework for limited partnerships. The legislation defines key terms and establishes Part VI, which governs the formation, registration, and operational restrictions of both local and international limited partnerships. It further details the liability protections for limited partners, naming conventions, and the duties of the Registrar of Limited Partnerships.
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