Updated Irish limited partnership law approved by Irish Government

On 11 June 2019, the Irish Government approved the publication of the Investment Limited Partnership (Amendment) Bill 2019 (the Bill).

Regulated limited partnerships in Ireland are established pursuant to the Investment Limited Partnership Act 1994, which is now 25 years old and in need of reform. The Bill amends the current rules to reflect developments in investment funds regulation at a European level. It is hoped that the enactment of the Bill will make Ireland a more attractive domicile for private funds managers.

Read the Irish Government’s press release here.

If you require any further information in connection with the Investment Limited Partnership (Amendment) Bill 2019, please contact Fionán BreathnachElaine Keane, Niamh RyanJames McKnight or Hazel Doyle.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.