The Irish Government has published its draft Investment Limited Partnership Bill 2019. Ian Conlon and Jennifer Murphy examine the proposed amendments to the ILP regime in Ireland.
Following widespread anticipation in the Irish funds industry, the Irish Government has now published a draft bill – the Investment Limited Partnership Bill 2019 – to amend the existing Investment Limited Partnership (ILP) law in Ireland.
The Bill seeks to introduce a number of important changes which aim to position the ILP as a leading EU fund vehicle for private equity, real assets and sustainable finance. Although the Bill remains subject to further approval as it passes through the legislative process, this is nonetheless a very positive and welcome development for the funds industry in Ireland.