Limited Liability Partnerships Act (Northern Ireland) 2002
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Limited Liability Partnerships Act (Northern Ireland) 2002
The Limited Liability Partnerships Act (Northern Ireland) 2002 is an Act of the Northern Ireland Assembly which introduced the concept of the limited liability partnership into Northern Irish law, passed two years after the Limited Liability Partnerships Act 2000 introduced the concept into the law of England and Wales and Scots law. It created an LLP as a body with legal personality separate from its members (unlike a normal partnership) which is governed under a hybrid system of law partially from company law and partially from partnership law. Unlike normal partnerships the liability of members of LLP on winding up is limited to the amount of capital they contributed to the LLP. Currently, despite the passing of the Companies Act 2006 and its gradual entry into force, the new law does not apply to LLP's. The commencement orders for the Companies Act 2006 have so far included saving provisions for the provisions of the Companies (Northern Ireland) Order 1986 A company ...
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Limited Liability Partnerships Act 2000
The Limited Liability Partnerships Act 2000 (c.12) is an Act of the Parliament of the United Kingdom which introduced the concept of the limited liability partnership into English and Scots law. It created an LLP as a body with legal personality separate from its members (unlike a normal partnership) which is governed under a hybrid system of law partially from company law and partially from partnership law. Unlike normal partnerships the liability of members of an LLP on winding up is limited to the amount of capital they contributed to the LLP. Section 2 of the act provides that an LLP may be incorporated when two or more persons associated for the purpose of carrying on legal business subscribe their names to an incorporation document; that incorporation document, or an approved copy of it, has been delivered to the Companies Registrar at Companies House; and a statement either by a solicitor or one of the subscribers that the formalities have been complied with has also been ...
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Act Of The Northern Ireland Assembly
This is list of Acts of the Northern Ireland Assembly from its establishment in 1999 up until the present. * ''No Acts of the Northern Ireland Assembly were passed in 1999.'' * List of Acts of the Northern Ireland Assembly from 2000 * List of Acts of the Northern Ireland Assembly from 2001 * List of Acts of the Northern Ireland Assembly from 2002 * ''No Acts of the Northern Ireland Assembly were passed from 2003 to 2006.'' * List of Acts of the Northern Ireland Assembly from 2007 * List of Acts of the Northern Ireland Assembly from 2008 * List of Acts of the Northern Ireland Assembly from 2009 * List of Acts of the Northern Ireland Assembly from 2010 * List of Acts of the Northern Ireland Assembly from 2011 * List of Acts of the Northern Ireland Assembly from 2012 * List of Acts of the Northern Ireland Assembly from 2013 * List of Acts of the Northern Ireland Assembly from 2014 * List of Acts of the Northern Ireland Assembly from 2015 * List of Acts of the Northern Ireland ...
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Limited Liability Partnership
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This distinguishes an LLP from a traditional partnership under the UK Partnership Act 1890, in which each partner has joint (but not several) liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a corporation. Unlike corporate shareholders, the partners have the power to manage the business directly. In contrast, corporate shareholders must elect a board of directors under the laws of various state charters. The board organizes itself (also under the laws of the various state charters) and hires corporate officers who then have as "corporate" individuals the legal responsibility to manage the corporation in t ...
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England And Wales
England and Wales () is one of the three legal jurisdictions of the United Kingdom. It covers the constituent countries England and Wales and was formed by the Laws in Wales Acts 1535 and 1542. The substantive law of the jurisdiction is English law. The devolved Senedd (Welsh Parliament; cy, Senedd Cymru) – previously named the National Assembly of Wales – was created in 1999 by the Parliament of the United Kingdom under the Government of Wales Act 1998 and provides a degree of self-government in Wales. The powers of the Parliament were expanded by the Government of Wales Act 2006, which allows it to pass its own laws, and the Act also formally separated the Welsh Government from the Senedd. There is no equivalent body for England, which is directly governed by the parliament and government of the United Kingdom. History of jurisdiction During the Roman occupation of Britain, the area of present-day England and Wales was administered as a single unit, except f ...
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Scots Law
Scots law () is the legal system of Scotland. It is a hybrid or mixed legal system containing civil law and common law elements, that traces its roots to a number of different historical sources. Together with English law and Northern Ireland law, it is one of the three legal systems of the United Kingdom.Stair, General Legal Concepts (Reissue), para. 4 (Online) Retrieved 2011-11-29 Early Scots law before the 12th century consisted of the different legal traditions of the various cultural groups who inhabited the country at the time, the Gaels in most of the country, with the Britons and Anglo-Saxons in some districts south of the Forth and with the Norse in the islands and north of the River Oykel. The introduction of feudalism from the 12th century and the expansion of the Kingdom of Scotland established the modern roots of Scots law, which was gradually influenced by other, especially Anglo-Norman and continental legal traditions. Although there was some indirect Roman la ...
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Juristic Person
A juridical person is a non-human legal person that is not a single natural person but an organization recognized by law as a fictitious person such as a corporation, government agency, NGO or International (inter-governmental) Organization (such as United Nations). Other terms include artificial person, corporate person, judicial person, juridical entity, juridic person, or juristic person. A juridical person maintains certain duties and rights as enumerated under relevant laws. The rights and responsibilities of a juridical person are distinct from those of the natural persons constituting it. Since ancient times, associations have been known as the original form of the juridical person. This is documented for the 1st century A.D. for Jewish trading companies. In Roman law, too, the institution already had significance, although it was not called as such. Conceptually, it included institutions such as the state, communities, corporations (''universitates'') and their association ...
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Companies Act 2006
The Companies Act 2006 (c 46) is an Act of the Parliament of the United Kingdom which forms the primary source of UK company law. The Act was brought into force in stages, with the final provision being commenced on 1 October 2009. It largely superseded the Companies Act 1985. The Act provides a comprehensive code of company law for the United Kingdom, and made changes to almost every facet of the law in relation to companies. The key provisions are: * the Act codifies certain existing common law principles, such as those relating to directors' duties. * it transposes into UK law the Takeover Directive and the Transparency Directive of the European Union * it introduces various new provisions for private and public companies. * it applies a single company law regime across the United Kingdom, replacing the two separate (if identical) systems for Great Britain and Northern Ireland. * it otherwise amends or restates almost all of the Companies Act 1985 to varying degrees. The ...
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Companies (Northern Ireland) Order 1986
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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2002 In Northern Ireland
Events during the year 2002 in Northern Ireland. Incumbents * First Minister - David Trimble (until 14 October) * deputy First Minister - Mark Durkan (until 14 October) * Secretary of State - John Reid (until October 24), Paul Murphy (from October 24) Events *9 January – Holy Cross dispute: Confrontations outside Holy Cross Primary School, a Roman Catholic girls' school in the largely Protestant Ardoyne district, during the afternoon school run, explode into widespread sectarian rioting which spreads across north Belfast and continues on 10 January, when the school is closed. *14 February – Kilkeel fishing boat '' The Tullaghmurray Lass'' is lost with all three crew in the Irish Sea. *February – West Belfast Task Force recommends creation of the Gaeltacht Quarter, Belfast. *14 March – Lisburn and Newry are granted city status. *5 April – The first recruits of the new Police Service of Northern Ireland graduate. *May – May 2002 Belfast riots *31 May to 3 June – 20 ...
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Acts Of The Northern Ireland Assembly
This is list of Acts of the Northern Ireland Assembly from its establishment in 1999 up until the present. * ''No Acts of the Northern Ireland Assembly were passed in 1999.'' * List of Acts of the Northern Ireland Assembly from 2000 * List of Acts of the Northern Ireland Assembly from 2001 * List of Acts of the Northern Ireland Assembly from 2002 * ''No Acts of the Northern Ireland Assembly were passed from 2003 to 2006.'' * List of Acts of the Northern Ireland Assembly from 2007 * List of Acts of the Northern Ireland Assembly from 2008 * List of Acts of the Northern Ireland Assembly from 2009 * List of Acts of the Northern Ireland Assembly from 2010 * List of Acts of the Northern Ireland Assembly from 2011 * List of Acts of the Northern Ireland Assembly from 2012 * List of Acts of the Northern Ireland Assembly from 2013 * List of Acts of the Northern Ireland Assembly from 2014 * List of Acts of the Northern Ireland Assembly from 2015 * List of Acts of the Northern Ireland ...
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