The purpose of this paper is to analyse those jurisdictions which have adopted Limited Liability Partnerships (LLPs) and determine whether there is a need for the introduction of LLP in Mauritius. Research has shown that many countries like the United Kingdom, Singapore, United States, Jersey, India and Panama, amongst others, have implemented a legal framework for the regulation of LLPs.
This paper presents the concept of LLP, analyses those jurisdictions where LLP has been introduced, those where it has been turned down and the reasons why, the specificity of the Mauritian context along with the relevance of LLP, the best model to choose for Mauritius, the safeguards in the regulation of LLP and the list of issues to consider when opting for the introduction of LLP in Mauritius.
Invitation to comment
The FSC invites comments on Limited Liability Partnership (LLP), particularly on the issues related to LLP set out in the Concept paper and listed below.
Comments are most helpful if they:
- comment on the questions / issues as stated;
- contain a clear rationale; and
- describe any alternative that the FSC should consider, if applicable.
The FSC will consider the comments received in writing by 20 March 2013.
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