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Andy Taylor
Andy Taylor

Isadore Goldman Limited

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2 Contributions by Isadore Goldman Limited Experts

Compulsory liquidation of Limited Liability Partnerships: petitions, court process, liquidator powers, antecedent transactions and members’ liabilities (England and Wales)
PRACTICE NOTES
Compulsory liquidation of Limited Liability Partnerships: petitions, court process, liquidator powers, antecedent transactions and members’ liabilities (England and Wales)
This Practice Note sets out the process for placing a Limited Liability Partnership (LLP) into compulsory winding up, outlines the liquidator’s authority, and details the members’ duties. It does not cover Limited Partnerships; for those, refer to Practice Note: Limited partnerships and insolvency—key principles. Applicable legislation LLPs were created by the Limited Liability Partnerships Act 2000 (LLPA 2000), which should be considered alongside the Limited Liability Partnership Regulations 2001 (LLPR 2001), SI 2001/1090. Through LLPR 2001, SI 2001/1090, the Insolvency Act 1986 (IA 1986) and the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, are applied to LLPs. The IA 1986 has effect only for LLPs registered in Great Britain...
Restructuring & Insolvency
Voluntary arrangements for LLPs: statutory framework, proposal and approval, moratorium, implementation, challenges and HMRC joint and several liability
PRACTICE NOTES
Voluntary arrangements for LLPs: statutory framework, proposal and approval, moratorium, implementation, challenges and HMRC joint and several liability
This Practice Note outlines the process by which a Limited Liability Partnership (LLP) may enter into a voluntary arrangement (VA). It does not extend to Limited Partnerships; for those, refer to Practice Note: Limited partnerships and insolvency—key principles. Applicable legislation The Limited Liability Partnerships Act 2000 (LLPA 2000) established LLPs and should be read alongside the Limited Liability Partnerships Regulations 2001 (LLPR 2001), SI 2001/1090. Through the LLPR 2001, SI 2001/1090, the Insolvency Act 1986 (IA 1986) and the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, are applied to LLPs...
Restructuring & Insolvency
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