Regulatory Alerts2022-11-16
Proposed Amendments to Limited Liability Partnerships Rules 2022
The Board of the Abu Dhabi Global Market issues proposed amendments to the Limited Liability Partnerships Rules 2022 to update regulatory frameworks for limited liability partnerships. These rules repeal the 2021-2022 version and apply modified sections of the Companies Regulations to govern LLP formalities, name registration, and similarity objections. The amendments establish specific procedures for document execution, name reservation, and dispute resolution regarding names associated with existing goodwill.
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