‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010

In Malaysia, the business vehicles are merely confined to sole proprietorship,partnerships and company. However, in its offshore, Labuan there are additional business vehicles which are offered, namely limited partnerships (LP) and limited liability partnerships (LLP). Recently, Labuan regulatory ce...

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Main Author:	Abd Ghadas, Zuhairah Ariff
Format:	Article
Language:	English
Published:	Academic Journals 2011
Subjects:	KPG Malaysia
Online Access:	http://irep.iium.edu.my/3402/ http://irep.iium.edu.my/3402/ http://irep.iium.edu.my/3402/1/African_Journal_of_Business_Management-_Sept_2011.pdf

id	iium-3402
recordtype	eprints
spelling	iium-34022013-10-08T00:34:42Z http://irep.iium.edu.my/3402/ ‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010 Abd Ghadas, Zuhairah Ariff KPG Malaysia In Malaysia, the business vehicles are merely confined to sole proprietorship,partnerships and company. However, in its offshore, Labuan there are additional business vehicles which are offered, namely limited partnerships (LP) and limited liability partnerships (LLP). Recently, Labuan regulatory centre, LOFSA came out with a new and inimitable statute known as Labuan Limited and Limited Liability Partnership Act 2010 which is a unique legislation as it combines the laws for two business vehicle;limited partnership (LP) and limited liability partnerships (LLP) under one statute. In other countries, the limited partnerships and limited liability partnerships are regulated under different statutes as they are different both in substance and in practice. This paper intends to discuss the main features of Labuan Limited Partnership and Limited Liability Partnerships Act 2010 and to highlight the distinctiveness of this new business law. Research methodology adopted for this paper is mainly statutory analysis. Academic Journals 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/3402/1/African_Journal_of_Business_Management-_Sept_2011.pdf Abd Ghadas, Zuhairah Ariff (2011) ‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010. African Journal of Business Management. ISSN 1993-8233 (In Press) http://www.academicjournals.org/ajbm/contents/2011content.htm
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KPG Malaysia
spellingShingle	KPG Malaysia Abd Ghadas, Zuhairah Ariff ‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010
description	In Malaysia, the business vehicles are merely confined to sole proprietorship,partnerships and company. However, in its offshore, Labuan there are additional business vehicles which are offered, namely limited partnerships (LP) and limited liability partnerships (LLP). Recently, Labuan regulatory centre, LOFSA came out with a new and inimitable statute known as Labuan Limited and Limited Liability Partnership Act 2010 which is a unique legislation as it combines the laws for two business vehicle;limited partnership (LP) and limited liability partnerships (LLP) under one statute. In other countries, the limited partnerships and limited liability partnerships are regulated under different statutes as they are different both in substance and in practice. This paper intends to discuss the main features of Labuan Limited Partnership and Limited Liability Partnerships Act 2010 and to highlight the distinctiveness of this new business law. Research methodology adopted for this paper is mainly statutory analysis.
format	Article
author	Abd Ghadas, Zuhairah Ariff
author_facet	Abd Ghadas, Zuhairah Ariff
author_sort	Abd Ghadas, Zuhairah Ariff
title	‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010
title_short	‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010
title_full	‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010
title_fullStr	‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010
title_full_unstemmed	‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010
title_sort	‘two in one’ regulating two business entities under one statute; labuan limited partnership and limited liability partnerships act 2010
publisher	Academic Journals
publishDate	2011
url	http://irep.iium.edu.my/3402/ http://irep.iium.edu.my/3402/ http://irep.iium.edu.my/3402/1/African_Journal_of_Business_Management-_Sept_2011.pdf
first_indexed	2023-09-18T20:11:14Z
last_indexed	2023-09-18T20:11:14Z
_version_	1777407491072589824

‘Two in One’ regulating two business entities under one statute; Labuan Limited Partnership and Limited Liability Partnerships Act 2010

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