16/12/2020 News

The firm’s operation as an LLP does not prevent or restrict the taking of any steps to enforce any debt, liability or obligation against the property of the LLP.  However, from 16 December 2020, the individual partners in the LLP will not have personal liability for any debt, liabilities, or obligations that are incurred for the purpose of carrying on the business of the LLP, save in the limited circumstances provided for in the Act. The firm has, as it always has had, professional indemnity insurance which will continue to operate and protect the firm and its clients. 

If you have any questions or queries about this change, please contact your usual Arthur Cox contact.