Conyers Dill & Pearman - Alert - Bermuda Introduces LLC Legislation Based on Delaware Statute

Bermuda Introduces LLC Legislation Based on Delaware Statute The Bermuda Government today tabled limited liability company (“LLC”) legislation closely modeled on the Delaware equivalent. LLCs are a hybrid entity combining corporate and partnership characteristics which originated and are widely used in the United States. While a few non-US jurisdictions have made provision for LLCs in their laws, such laws generally incorporate non-US terms and concepts which may be unfamiliar to US counsel. Read more.
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