The Law of Limited Liability Partnerships

(Hardback, 5th edition)

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Description

The Law of Limited Liability Partnerships, Fifth Edition is an indispensable book for all those who advise on the legal and taxation aspects of incorporating and running an LLP. It combines concise description, practical guidance and penetrating analysis of problem areas. It also offers an international perspective through a comparative analysis of the UK LLP structure and those being enacted overseas in Canada, Dubai, India, Japan, Qatar, Singapore, the USA and other jurisdictions. Comprehensively setting out the law of LLPs in England and Wales, the Fifth Edition includes coverage and analysis of: - Newey Js decision in Hosking v Marathon Asset Management LLP [2017] on the application of the fiduciary forfeiture rule to LLP profit sharing - the Court of Appeal decision in Grupo Mexico de CV v Registrar of Companies [2019] on rectifying the companies and LLP registers - recognition of the limited liability of foreign LLPs in the light of the Privy Council decision in Investec Trust (Guernsey) Limited v Glenella Properties Limited [2018] - ICC Joness decision in McTear v Eade [2019] in relation to provability of debts owed to members and insolvency setoff - decisions on section 214A of the Insolvency Act 1986 - further development of the law on repudiation of LLP agreements - the continuing development of the law on discretionary decision making in the light of the Supreme Court decision in BP Shipping v Braganza [2015] and on duties owed by LLP members - decisions on derivative claims in Harris v Microfusion 2003-2 LLP [2016] and Kallakis v AIB Group PLC [2020] - administration orders in Patley Wood Farm LLP v Brake [2016] Specialist contributors have written chapters on: Financial Services Regulation and LLPs; Taxation of LLPs; Members and Discrimination; and Whistleblower Protection.

Reviews

...deservedly established as the leading work on the subject for practitioners, for Judges, and for those setting up their new or existing businesses as LLPs. -- Sir Michael Briggs * Foreword to the 3rd Edition *
...a comprehensive and authoritative source of reference on all aspects of LLP law for practitioners, and also for academics and postgraduate students. The close relationship of LLP law to that of general and limited partnerships, and to limited companies, means that this book will also be of interest to practitioners and researchers in those areas. * Partnership Law Forum *
An indispensable reference for all practitioners involved with any aspect of LLPs. Yes, absolutely -- especially in this new edition, which certainly belongs in every practitioners library. * Elizabeth Robson Taylor MA of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers, Reviews Editor, The Barrister and Mediator *

Author Bio

John Whittaker, Consultant Editor, was a barrister at leading chancery/commercial chambers Serle Court until his retirement. John Machell KC is a barrister at leading chancery/commercial chambers Serle Court. He has a broad commercial chancery practice, and particular experience of large-scale litigation involving fiduciary duties, fraud and trusts, particularly with an international dimension. He is regarded as one of the leading partnership and LLP silks and has experience of a wide range of both contentious and non-contentious matters across the whole range of business sectors. An increasing part of his work involves issues arising from the use of partnerships and LLPs in hedge fund and private equity structures; in international commercial group structures; and as part of wealth planning strategies. John also now acts as an arbitrator and as an expert pursuant to expert determination agreements; and has conducted internal inquiries on professional conduct and other matters for firms of solicitors. "John Machell is one of the leading lights in the partnership arena." - Chambers & Partners 2020 "The leading partnership silk; he is clever, quick, hardworking." Legal500 2019