Law of Limited Liability Partnerships

John Whittaker, Consultant Editor, was a barrister at leading chancery/commercial chambers Serle Court until his retirement.John Machell KC is a barrister at leading chancery/commercial chambers Serle Court.He has a broad commercial chancery practice, and particular experience of large-scale litigation involving fiduciary duties, fraud and trusts, particularly with an international dimension.He is regarded as one of the leading partnership and LLP silks and has experience of a wide range of both contentious and non-contentious matters across the whole range of business sectors. An increasing part of his work involves issues arising from the use of partnerships and LLPs in hedge fund and private equity structures; in international commercial group structures; and as part of wealth planning strategies.John also now acts as an arbitrator and as an expert pursuant to expert determination agreements; and has conducted internal inquiries on professional conduct and other matters for firms of solicitors."John Machell is one of the leading lights in the partnership arena." - Chambers & Partners 2020"The leading partnership silk; he is clever, quick, hardworking." Legal500 2019

...deservedly established as the leading work on the subject for practitioners, for Judges, and for those setting up their new or existing businesses as LLPs.

• Chapter 1 Overview and Introductory Matters Chapter 2 Incorporation Chapter 3 The Corporate Entity Chapter 4 Formalities and Requirements after Incorporation Chapter 5 The LLP and the Outside World Chapter 6 Charges and Debentures Chapter 7 Conversion from a Partnership Chapter 8 Membership: General Matters Chapter 9 Employment and Worker Status Chapter 10 The LLP Agreement: General Principles Chapter 11 The LLP Agreement: Contents Chapter 12 Designated Members Chapter 13 Duties and Responsibilities of Members Chapter 14 Rights, Indemnities and Protection of Members Chapter 15 Discrimination and Whistleblower Protection Chapter 16 Funding and Profits and Losses Chapter 17 The Business and Affairs of the LLP: Conduct and Decision-Making Chapter 18 The Member and the Outside World Chapter 19 Cessation of Membership and its Consequences Chapter 20 UK Financial Services Regulation and LLPs Chapter 21 Accounts and Audit Chapter 22 The Appointment and Position of Auditors of LLPs Chapter 23 Taxation of LLPs and Members Chapter 24 Investigations, Striking Off and Rectification of the Register Chapter 25 LLPs in Other Jurisdictions Chapter 26 Foreign Connections and Dealing with Overseas LLPs Chapter 27 Insolvency and Winding up of LLPs: A General Introduction Chapter 28 Moratorium and Voluntary Arrangements Chapter 29 Administration Chapter 30 Receivership Chapter 31 Commencement of Winding Up Chapter 32 Unfair Prejudice and Just and Equitable Winding Up Chapter 33 Conduct of the Liquidation Chapter 34 Misfeasance and Adjustment of Prior Transactions Chapter 35 Completion of the Winding Up and Dissolution Chapter 36 Arrangements and Reconstructions Chapter 37 Disqualification Appendix 1 Limited Liability Partnerships Act 2000 Appendix 2 Limited Liability Partnerships Regulations 2001, SI 2001/1090