Uploaded September 2021 | Updated September 2026, 2 weeks ago
BOOK REVIEW
THE LAW OF LIMITED LIABILITY PARTNERSHIPS
5th edition
By John Whittaker and John Machell QC
with specialist contributors
ISBN 978 1 52651 669 5
BLOOMSBURY PROFESSIONAL
bloomsburyprofessional.com
LIMITED LIABILITY PARTNERSHIPS: THE BENEFITS AND THE PRICE
An appreciation by Elizabeth Robson Taylor MA of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers, Reviews Editor, “The Barrister” and Mediator
The LLP is very much a twenty-first century concept, having come into being via the Limited Liability Partnerships Act 2000. The initial wording of the Act is almost biblical: ‘There shall be a new form of legal entity to be known as a limited liability partnership.’
There you have it -- and a new day then dawned, as the advantages of the LLP met with widespread anticipation and approval. The Limited Liability Partnership, however, has predictably created a web of complex regulation and -- obviously -- obligation, of which participants in this form of partnership must be aware, especially within a legal -- as well as a social and economic -- landscape, continually in the process of change.
Fortunately, expert and authoritative help is at hand in the pages of what has become the definitive work of reference on this subject; ‘The Law of Limited Liability Partnerships”, now in a new and extensively updated fifth edition from Bloomsbury Professional.
Under the editorship of John Whittaker and John Machell QC, the book provides expert insights and advice covering virtually all aspects of the legislation. For example, there are new chapters on discrimination law and the taxation of LLPs and their members. There’s a new chapter too, on financial services from Allen and Overy LLP. Additional and substantial updating has also been provided by an expert team of contributors from Serle Court.
When the editorial team refers to the ‘protective shield’ that the LLP affords its members, it is also pointed out that obligations also ensue in the form of various regulatory requirements, including the filing of annual accounts with an auditors’ report, (like a company) and the keeping of a register of members and related materials open to public scrutiny.
‘These and other disclosure requirements,’ say the editors, ‘are part of the price which the members pay for the liabilities of the business being borne by the separate entity, and for their own personal liabilities being limited.’
It is added here that the other part of the price for limited liability is that LLPs will be subject to the “policing” regime of the companies and insolvency legislation -- and so forth. Further details abound in this excellent legal text.
Across its more than 700 pages and thirty-seven chapters, the book provides extensive tables of cases, statutes, statutory instruments as well as tables of United Kingdom materials and international materials. Also note the extensive index and two
appendices.
An indispensable reference for all practitioners involved with any aspect of LLPs. Yes, absolutely -- especially in this new edition, which certainly belongs in every practitioner’s library.
Then date of publication of this hardback is cited as 12th August 2021.
Do visit the publisher's website for their latest titles.
BOOK REVIEW
THE LAW OF LIMITED LIABILITY PARTNERSHIPS
5th edition
By John Whittaker and John Machell QC
with specialist contributors
ISBN 978 1 52651 669 5
BLOOMSBURY PROFESSIONAL
bloomsburyprofessional.com
LIMITED LIABILITY PARTNERSHIPS: THE BENEFITS AND THE PRICE
An appreciation by Elizabeth Robson Taylor MA of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers, Reviews Editor, “The Barrister” and Mediator
The LLP is very much a twenty-first century concept, having come into being via the Limited Liability Partnerships Act 2000. The initial wording of the Act is almost biblical: ‘There shall be a new form of legal entity to be known as a limited liability partnership.’
There you have it -- and a new day then dawned, as the advantages of the LLP met with widespread anticipation and approval. The Limited Liability Partnership, however, has predictably created a web of complex regulation and -- obviously -- obligation, of which participants in this form of partnership must be aware, especially within a legal -- as well as a social and economic -- landscape, continually in the process of change.
Fortunately, expert and authoritative help is at hand in the pages of what has become the definitive work of reference on this subject; ‘The Law of Limited Liability Partnerships”, now in a new and extensively updated fifth edition from Bloomsbury Professional.
Under the editorship of John Whittaker and John Machell QC, the book provides expert insights and advice covering virtually all aspects of the legislation. For example, there are new chapters on discrimination law and the taxation of LLPs and their members. There’s a new chapter too, on financial services from Allen and Overy LLP. Additional and substantial updating has also been provided by an expert team of contributors from Serle Court.
When the editorial team refers to the ‘protective shield’ that the LLP affords its members, it is also pointed out that obligations also ensue in the form of various regulatory requirements, including the filing of annual accounts with an auditors’ report, (like a company) and the keeping of a register of members and related materials open to public scrutiny.
‘These and other disclosure requirements,’ say the editors, ‘are part of the price which the members pay for the liabilities of the business being borne by the separate entity, and for their own personal liabilities being limited.’
It is added here that the other part of the price for limited liability is that LLPs will be subject to the “policing” regime of the companies and insolvency legislation -- and so forth. Further details abound in this excellent legal text.
Across its more than 700 pages and thirty-seven chapters, the book provides extensive tables of cases, statutes, statutory instruments as well as tables of United Kingdom materials and international materials. Also note the extensive index and two
appendices.
An indispensable reference for all practitioners involved with any aspect of LLPs. Yes, absolutely -- especially in this new edition, which certainly belongs in every practitioner’s library.
Then date of publication of this hardback is cited as 12th August 2021.
Do visit the publisher's website for their latest titles.
