The Limited Liability Partnerships (Jersey) Law 2017 was enacted on 24 February 2017. The 2017 Law replaces The Limited Liability Partnerships (Jersey) Law 1997. While many aspects of the 1997 Law are maintained, some of the main changes include:

• The addition of capital as a form of partner contribution in addition to a contribution of "effort and skill";
• The clarification of rules in relation…