- January 27, 2022
- Posted by: granitewordpress
- Category: News
Comyn Kelleher Tobin LLP authorised to operate as a Limited Liability Partnership
Comyn Kelleher Tobin solicitors is delighted to announce that with effect from 23rd January 2020 the firm has been authorised to operate as a limited liability partnership. This change has come about following the passing of the Legal Services Regulation Act 2015.
As set out in section 123 of the Act 4 (subject to the exceptions listed therein), a Partner in the LLP has no personal liability for any debts, liabilities or obligations which are incurred for the purpose of carrying on the business of the LLP (whether these are liabilities of the LLP, of himself or herself, of another Partner or Partners in the LLP or of any employee, agent or representative of the LLP) and however, such liability may arise.
The above relates only to the personal liability of Partners and does not prevent or restrict the enforcement against the property of the LLP of any debt, liability or obligation. From 23rd January 2020, the provisions of the Partnership Act 1890 apply to Comyn Kelleher Tobin LLP to the extent they are not inconsistent with the provisions of the Legal Services Regulation Act, 2015.