In the event an LLP becomes insolvent, a partner’s liability should be limited to the amount of his capital contribution to the LLP subsisting at the time. However, if the partner (or a former partner) in the course of distribution knows…
Day: August 28, 2017
Limited Liability Partnership Act 2012 And Legal Liability Of The Partners
Whilst LLP is a familiar feature in the UK, it was in December 2003 that SSM issued its initial Consultative Document (CD) proposing the introduction of the LLP as an alternative form of business vehicle for small businesses, start-ups and…
Legal Concepts Of Limited Liability Partnership (LLP)
A limited liability partnership can be incorporated in order to run a business that comprises of two or more partners. It is a type of partnership whereby certain or all partners have limited liabilities. It is different from a…
5 THINGS TO KNOW ABOUT MACC’S NEW PROPOSAL TO TACKLE FINANCIAL MISCONDUCT AMONG CIVIL SERVANTS
The Malaysian Anti Corruption Commission (MACC) has recently proposed the enforcement of ‘Misconduct for Civil Service Act’ to regulate civil servants, who through their acts or omission have caused substantial financial losses to the government. The MACC has proposed that such…
Organ Donation Transplantation And Its Position In the UK
Organ donation and transplantation involve those who have consented towards donating their organs most commonly for the purposes of saving another’s life through transplantation. The National Health Service (NHS) reports between the 1st of April 2013 and 31st March 2014,…