What is a Scottish LP?
In common with LPs registered in the rest of the UK, a Scottish LP is a partnership formed in accordance with the Limited Partnerships Act 1907. A Scottish LP:
United Kingdom, Scotland, Company & Commercial, Insolvency & Restructuring, Shepherd and Wedderburn LLP, Limited partnership
Canada, Ontario, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Limited partnership, Barclays, Court of Appeal for Ontario, Ontario Superior Court of Justice
In Ferme CGR Enr, senc (Syndic de) 2010 QCCA 719, the Québec Court of Appeal decided that it is not necessary to put the partners of a Québec general partnership into bankruptcy when the partnership itself is put into bankruptcy. In doing so, the court initially relied upon authorities interpreting the relevant provisions of the Bankruptcy and Insolvency Act. In addition, the court supported its decision with an analysis of the legal nature of Québec general partnerships and, as a result, modified the ownership structure of partnerships in Québec.
Canada, Quebec, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Bankruptcy, Legal personality, Interest, Debt, Personal property, Limited partnership, Bankruptcy and Insolvency Act 1985 (Canada)