Limited Liability Partnership (Amendment and Validation) Act, 2024 (Commencement) Order, 2024 (SL 53 of 2024)

Summary

This is a short Commencement Order made by the Cayman Islands Cabinet that brings the Limited Liability Partnership (Amendment and Validation) Act, 2024 (Act 16 of 2024) into force on 1 January 2025. The Order itself does not contain substantive amendments to the law governing limited liability partnerships (LLPs) -- it is a mechanical instrument that fixes the date on which the underlying amending and validating Act takes legal effect.

Because the document only sets a commencement date, it applies broadly to limited liability partnerships and those who advise or administer them in the Cayman Islands, insofar as they will be subject to the amended and validated provisions of the LLP Act once it takes effect. Readers seeking the substantive changes (the amendments and any validation provisions) need to consult the text of Act 16 of 2024 itself, which is not reproduced in this Order.

No new filing, reporting, or compliance obligations are created by this Order beyond the general effect of activating the amending Act's provisions as of the stated date.

Applies to

limited liability partnerships

Deadlines

• 1st January, 2025: Date on which the Limited Liability Partnership (Amendment and Validation) Act, 2024 comes into force.

Related documents

• This document commences Limited Liability Partnership (Amendment and Validation) Act, 2024 (Act 16 of 2024)