Q&As

Do you have a definition of a group where that group includes LLPs?

read titleRead full title

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Commercial expert
Published on: 03 January 2017
imgtext

A limited liability partnership (LLP) is a body corporate that is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000) as opposed to a partnership that doesn’t constitute its own body corporate. For more as to an LLP’s status as a separate legal entity, see Practice Note: The nature of a limited liability partnership and its legal framework.

The Precedent: Group definition provides various drafting options for related companies, subsidiaries and holding companies being part of the defined term of ‘Group’. The overall ‘Group’ definition

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Limited Liability definition
What does Limited Liability mean?

Arises due to the legal separation of a business entity from those who own it. The liability of the shareholders of a company limited by shares is limited to the amount unpaid, if any, on the shares held by them. This distinguishes companies from sole traders and general partnerships.

Read more

Popular documents

Execution formalities—witnesses

Execution formalities—witnessesThis Practice Note summarises the execution formalities for witnesses, including who can act as a witness to the signature of another person on a document relating to a commercial transaction such as a deed or simple contract, witnessing electronic signatures and the

Scotland—the process for applying for sequestration

Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Early leavers—preservation

Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give