The Experts below are selected from a list of 132 Experts worldwide ranked by ideXlab platform
Mohammad Rizal Salim - One of the best experts on this subject based on the ideXlab platform.
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Limited Liability Partnership in malaysia a corporate governance perspective
Social Science Research Network, 2013Co-Authors: Mohammad Rizal SalimAbstract:This paper examines corporate governance issues in the Limited Liability Partnership structure in Malaysia. Although comparable to the company in that the LLP has legal personality, it suffers from a distinctive agency problem due to the lack of separation of ownership and control. This paper presents a case for more legislative guidance particularly with respect to creditors’ and minorities’ protection.
Joanna Stevenson - One of the best experts on this subject based on the ideXlab platform.
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the jersey Limited Liability Partnership a new legal vehicle for professional practice
Modern Law Review, 1997Co-Authors: Philip Morris, Joanna StevensonAbstract:The Limited Liability Partnerships (Jersey) Law 1997' is, at least in terms of the jurisdictions of the British Isles, a unique legislative experiment which, despite being legislation enacted by a small offshore jurisdiction, could well have a profound impact on the future legal framework of major United Kingdom professional practices, particularly those operating in the accountancy and legal services sectors. In a nutshell, the legislation creates an innovative legal vehicle the Jersey Limited Liability Partnership (LLP) which combines the traditional Partnership structure with the twin fundamental principles of separate legal personality and Limited Liability characteristically found in company law codes. Perhaps more importantly from a professional practices perspective, the Jersey structure contains no restrictions on the participation of partners in a firm's management and thus does not reproduce the fundamental flaw of existing United Kingdom Limited Partnership legislation, the Limited Partnerships Act 1907, which confers Limited personal Liability (to the extent of their capital contributions) on Limited partners but prohibits them from participating in Partnership management. This prohibition has always made the United Kingdom Limited Partnership an unattractive choice of legal vehicle for professional practices. While the LLP concept has, until Jersey's bold and highly controversial initiative, been an unknown concept in British commercial law, it is well entrenched in America where some 40 State legislatures have enacted LLP legislation in recent years.2 Moreover, it seems probable that Jersey's move will act as a catalyst for a similar rapid proliferation of LLP legislation in both small and large jurisdictions of the British Isles: evidently, Jersey's 'micro' offshore jurisdiction counterparts (and competitors), Guernsey3 and the Isle of Man,4 are seriously contemplating the
Siddhartha Shukla - One of the best experts on this subject based on the ideXlab platform.
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Limited Liability Partnership a critical review in light of the international scenario
Social Science Research Network, 2008Co-Authors: Siddhartha ShuklaAbstract:This research paper aims at vetting the LLP Bill to point out the various anomalies that need to be rectified and suggest measures for a more comprehensive enactment conducive to the growing economy and for furthering the aim of a business friendly environment. The author, in this endeavour shall analyze the position in USA, UK and Singapore.TABLE OF CONTENTSI). PROLOGUEII). LLP: THE CONCEPTIII). Limited Liability Partnership BILL: AN APPRAISALIV). ANOMALIES AND SUGGESTIONS (IN REFERENCE TO THE INTERNATIONAL POSITION)A. EXTENT OF Liability AND PERSONAL RESPONSIBILITYB. NEED FOR A "TWO-TIER DISCLOSURE" SYSTEMC. NEED FOR A "MINIMUM INSURANCE CLAUSE"D. NEED FOR FLEXIBILITY IN CONVERSION TO A LLPE. SHOULD THE Partnership JURISPRUDENCE (IN REFERENCE TO IPA, 1932) BE APPLICABLE TO THE "DEFAULT PROVISION"F. DEFINITION OF "RESIDENT OF INDIA" NEEDS REVISIONG. DELEGATION UNDER CLAUSE 72 IS IN VIOLATION OF THE CONSTITUTION AND IS ALSO DETRIMENTAL TO THE BUSINESS FRIENDLY ENVIRONMENTV). CONCLUSION
Amit Kumar Kashyap - One of the best experts on this subject based on the ideXlab platform.
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Limited Liability Partnership as advantage to small business indian scenario
Social Science Research Network, 2010Co-Authors: Deepak Kashyap, Amit Kumar KashyapAbstract:Limited Liability Partnership Act was introduced in India after recommendations of various committees in 2008. The form, while beneficial to professional firms, is actually not very helpful to small businesses. This is a blend of the provisions of Companies Act & Partnership Act. LLP in India seems to be more similar to Limited company but with advantages of Partnership act. This research paper aims to point out the significance of Limited Liability Partnership in India with respect to its benefits & nature.
Zuhairah Ariff - One of the best experts on this subject based on the ideXlab platform.
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two in one regulating two business entities under one statute labuan Limited Partnership and Limited Liability Partnerships act 2010
2011Co-Authors: Abd Ghadas, Zuhairah AriffAbstract:In Malaysia, the business vehicles are merely confined to sole proprietorship,Partnerships and company. However, in its offshore, Labuan there are additional business vehicles which are offered, namely Limited Partnerships (LP) and Limited Liability Partnerships (LLP). Recently, Labuan regulatory centre, LOFSA came out with a new and inimitable statute known as Labuan Limited and Limited Liability Partnership Act 2010 which is a unique legislation as it combines the laws for two business vehicle;Limited Partnership (LP) and Limited Liability Partnerships (LLP) under one statute. In other countries, the Limited Partnerships and Limited Liability Partnerships are regulated under different statutes as they are different both in substance and in practice. This paper intends to discuss the main features of Labuan Limited Partnership and Limited Liability Partnerships Act 2010 and to highlight the distinctiveness of this new business law. Research methodology adopted for this paper is mainly statutory analysis.
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labuan Limited Partnership and Limited Liability Partnerships act 2010 an appraisal
2010Co-Authors: Abd Ghadas, Zuhairah AriffAbstract:In Malaysia, the business vehicles are merely confined to sole proprietorships, Partnerships and company. However, in its offshore, Labuan, there are additional business vehicles which are offered, namely Limited Partnerships (LP) and Limited Liability Partnerships (LLP). Recently, Labuan regulatory centre, LFSA came out with a new and unimitable statute known as Labuan Limited and Limited Liability Partnerships Act 2010 which is a unique legislation as it combines the laws for two business vehicle; Limited Partnership (LP) and Limited Liability Partnerships (LLP) under one statute. In other countries, the Limited Partnerships and Limited Liability Partnerships are regulated under different statutes as they are different both in substance and in practice. This paper intends to discuss the main features of Labuan Limited Partnership and Limited Liability Partnership Act 2009 and to highlight the distinctiveness of this new business law. Research methodology adopted for this paper is mainly statutory analysis.