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Nature and Liability Shield of Limited Liability Partnerships in Singapore

Yeo Hwee Ying

(2007) 19 SAcLJ 409

Abstract:
In 2005, the Singapore Parliament passed the Limited Liability Partnerships Act after having studied the approaches adopted by other jurisdictions (especially UK and US). With an eclectic mixture of provisions, this Act has arguably given rise to a business structure that can be considered a novel corporate business vehicle somewhat different from its US predecessor and bearing a stronger resemblance to its UK counterpart. The article will examine the conceptual nature of the limited liability partnership spawned by this statute and the extent of liability shield afforded to such partners.