Limited Liability Partnerships Act (Northern Ireland) 2002
| Act of the Northern Ireland Assembly | |
 | |
| Long title | An Act to make provision for limited liability partnerships |
|---|---|
| Citation | 2002 c. 12 (N.I.) |
| Territorial extent | Northern Ireland |
| Dates | |
| Royal assent | 22 November 2002 |
| Commencement |
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| Other legislation | |
| Repealed by | |
| Relates to | |
Status: Repealed | |
| Text of statute as originally enacted | |
The Limited Liability Partnerships Act (Northern Ireland) 2002 (c. 12 (N.I.)) is an act of the Northern Ireland Assembly which introduced the concept of the limited liability partnership (LLP) into Northern Irish law,[1] passed two years after the Limited Liability Partnerships Act 2000 introduced the concept into the law of England and Wales and Scots law. The Limited Liability Partnerships Act (Northern Ireland) 2002 largely mirrored the Limited Liability Partnerships Act 2000.[2]
It created an LLP as a body with legal personality separate from its members (unlike a normal partnership) which is governed under a hybrid system of law partially from company law and partially from partnership law. Unlike normal partnerships the liability of members of an LLP on winding-up is limited to the amount of capital they contributed to the LLP.
Implementation
According to the Belfast Telegraph, the birth of the new business structure occurred in June 2003,[3] but the structure itself was only established in November 2004.[4]
References
- ↑ Thorpe, Chris (27 February 2025). "How Do You Solve a Problem Like English Partnerships?". Amicus Curiae. 6 (2): 404–419. doi:10.14296/ac.v6i2.5756. ISSN 2048-481X.
- ↑ Fisher, Greg; Ormerod, Paul (May 2013). "Beyond the plc" (PDF). Civitas. Retrieved 12 July 2026.
- ↑ Patton, Ronnie (26 May 2003). "Get ready for the LLP 'big bang'". Belfast Telegraph. Retrieved 12 July 2026.
- ↑ "Liability 'haven' comes to Ulster". Belfast Telegraph. 25 October 2004. Retrieved 12 July 2026.
External links
- Text of the Limited Liability Partnerships Act (Northern Ireland) 2002 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.