Regulatory Alerts2015-07-08
Consultation Paper No. 8 - Limited Liability Partnerships Regulations
The Board of Directors of the Abu Dhabi Global Market issued this consultation paper to invite public comments on proposed Limited Liability Partnerships Regulations by 11 August 2015. The proposed framework aligns with UK legislation to establish a corporate structure for limited liability partnerships while allowing members to govern their relationships through private agreements without mandatory filing. The Board also seeks feedback on the appropriateness of default governance rules and discretionary powers to amend insolvency regulations specifically for these entities.
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