The Unregulated Luxembourg Common And Special Limited Partnerships (CLP And SLP) - Brochure

Luxembourg has enhanced its existing limited partnership regime in 2013, adding the special limited partnership to its range of investment vehicles designed for the alternative investment and private equity industry.

The features of the limited partnership make this entity a very attractive new addition to the Luxembourg investment vehicle toolbox.

The limited partnership may be used for master-feeder structures, as an acquisition vehicle for joint ventures, but it's most frequent use is for private equity, venture capital and real estate investments. The popularity of the limited partnership for private equity investments is down to the high level of contractual or corporate flexibility provided by its legal form, which is familiar to Anglo-Saxon investors and promoters due to its resemblance to the English limited partnership.

The main difference between the common and special limited partnership is that the former has a legal personality distinct from that of its partners, whereas the special limited partnership does not have legal personality, making it very similar to the limited partnership under English law.

Please download the below brochure for more details about the Luxembourg common and special limited partnership.

>> Common and Special Limited Partnership Brochure - download <<

Table of contents

1. Introduction to the limited partnership
2. Practical use of the limited partnership as an investment vehicle
3. Setting-up an unregulated limited partnership in six steps
4. Management of the limited partnership
5. Legal regime regarding limited partners
6. The liability of limited partners
7. The tax regime for unregulated limited partnerships
8. The main benefits of the Luxembourg limited partnership as an unregulated investment vehicle

For any query, please contact:

Olivier Sciales

Partner, Avocat à la Cour

Chevalier & Sciales

Email: oliviersciales@cs-avocats.lu

website: www.cs-avocats.lu

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.