Legal Updates

 Asset Management and Investment FundsFebruary 02, 2021

Key Features of the Irish Investment Limited Partnership

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For further information on any of the issues discussed in this publication please contact the related contact(s) on this page.

Following the recent overhaul of the legislation governing ILPs in Ireland and the publication of guidance by the Central Bank of Ireland relating to Irish domiciled closed-ended funds, we have prepared a briefing document outlining the key features of the Irish ILP.

The key features of an ILP covered in this document are outlined below:

  1. ILP Marketing Rules
  2. ILP Capital Accounting
  3. ILP Management Participation
  4. ILP Clawbacks
  5. ILP Excuse and Exclude
  6. Defaulting Investor
  7. ILP Valuation
  8. Admission of Limited Partner
  9. Umbrella ILP
  10. ILP Authorisation Process
  11. ILP Advisory Committee
  12. LPA Amendment
  13. Taxation of ILP

If you have any queries arising from our briefing or would like to discuss the establishment of an ILP in Ireland, please do not hesitate to contact your usual Dillon Eustace contact.