Luxembourg limited partnership: Difference between revisions
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The {{tag|Luxembourg}} law on commercial companies of 10 August 1915 (the “Companies Law”) until recently recognized only two forms of limited partnership, each of these having a separate legal personality: | The {{tag|Luxembourg}} law on commercial companies of 10 August 1915 (the “Companies Law”) until recently recognized only two forms of limited partnership, each of these having a separate legal personality: | ||
*The '''corporate partnership limited by shares''' (''société en commandite par actions'' or “{{tag|SCA}}”), which is a joint-stock company whose capital is represented by shares in principle freely transferable; and | *The '''corporate partnership limited by shares''' (''société en commandite par actions'' or “{{tag|SCA}}”), which is a joint-stock company whose capital is represented by shares in principle freely transferable; and | ||
*The '''common limited partnership''' ({{isdaprov|société en commandite simple}} or “{{tag|SCS}}”), which is an “''intuitu personae''” company issuing limited partnership interests that in general are not freely transferable. | *The '''common limited partnership''' (''{{isdaprov|société en commandite simple}}'' or “{{tag|SCS}}”), which is an “''intuitu personae''” company issuing limited partnership interests that in general are not freely transferable. | ||
The Luxembourg law of 12 July 2013 on alternative investment fund managers (the “{{tag|AIFMD}} Law”) transposing the {{tag|AIFMD}} into {{tag|Luxembourg}} law amends the SCS regime and introduces a third form of limited partnership into the Companies Law: | The Luxembourg law of 12 July 2013 on alternative investment fund managers (the “{{tag|AIFMD}} Law”) transposing the {{tag|AIFMD}} into {{tag|Luxembourg}} law amends the SCS regime and introduces a third form of limited partnership into the Companies Law: | ||