Pérez-Llorca
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Pérez-Llorca
Pérez-Llorca is a law firm with offices in Madrid, Barcelona, London, New York City, New York, Brussels and Singapore. Founded in 1982, the firm has more than 70 partners. Firm history and main mailstones In 2006, Chambers & Partners awarded Pérez-Llorca with the award ‘Iberian Law Firm of the Year’. In 2017, Chambers and Partners, Chambers & Partners presented Pérez-Llorca with the award for ‘Spain Law Firm of the Year’ for the second time. In October 2018, the Firm opened its second office in Madrid in the so-called Foster Tower, in the Cuatro Torres Business Area financial district, and became classified as a Large Company. The firm began publishing its own Legal Journal in 2019, the year in which its founder José Pedro Pérez-Llorca passed away. In 2021 Pérez-Llorca moved its London headquarters to Mayfair.  The firm’s expansion continued with new openings in Brussels and Singapore in 2022 and 2023. Pérez-Llorca/IE Chair The Pérez-Llorca/IE ...
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General Partnership
A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features: *Must be created by agreement, proof of existence and estoppel. *Formed by two or more persons *The owners are jointly and severally liable for any legal actions and debts the company may face, unless otherwise provided by law or in the agreement. It is a partnership in which partners share equally in both responsibility and liability. Characteristics Partnerships have certain default characteristics relating to both (a) the relationship between the individual partners and (b) the relationship between the partnership and the outside world. The former can generally be overridden by express agreement between the partners. Whilst the latter is in general hardly varied, a careful draft would oust certain kinds of third party liability. A clause can contain that only the negligent partners can be sued ...
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