Cayman Islands Amends Exempted Limited Partnership Law

Kevin C. Butler • Posted 19/05/2009 • Under Articles

EXEMPTED LIMITED PARTNERSHIP (AMENDMENT) LAW, 2009

The Exempted Limited Partnership (Amendment) Law, 2009 came into force 11 May 2009. Since the Exempted Limited Partnership Law was originally passed in 1991, the use of exempted limited partnerships ("ELPs") in private equity and alternative investment funds has grown extensively. This article summarises notable amendments which have been made in response to industry needs.