LPs) under the Limited
Partnerships (Guernsey) Law, 1995, as amended (
LP
Law). Though registered pursuant to the LP Law, an LP
is not generally a separate legal entity (although it can elect to
have separate legal personality from its partners at the time of
registration).
An LP reflects a formal legal arrangement between one or more
general partners of the LP and one or more limited partners of the
LP. A general partner of a Guernsey LP is liable for all of the
debts and obligations of an LP and is vested with certain duties
and powers with respect to the business of the LP. On the other
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Guernsey is a leading funds domicile with a proven track record
of more than 50 years as an international financial centre, and as
such, is increasingly recognised by fund sponsors and promoters as
a leading centre for the formation, administration and cross-border
distribution of investment business such as private equity,
alternative investments, property funds, hedge funds and funds of
hedge funds. As at the end of June 2020, there were over 800 funds
domiciled in Guernsey, with the overall value of institutional and
retail funds under management and administration in Guernsey
| UPDATED: 13:14, Tue, Jan 19, 2021
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The Crown Dependency, which is not part of the UK but often aligns policies and agreements, had discussions with their France counterparts after Brexit was finally finalised late last year. The new deal, which is in the process of ratification, will now allow French vessels indefinite access to the isle s waters from April 1, which will also be reciprocated for Guernsey s vessels in French waters.
| UPDATED: 08:02, Tue, Jan 19, 2021
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Don Thompson, Chairman of the Jersey Fishermen s Association claimed they were “not celebrating” the Brexit deal achieved by Boris Johnson on Christmas Eve. Jersey, which is not part of the UK, agreed earlier this month to back the deal between the UK and EU, however.