Regan Wall authorised to operate as a Limited Liability Partnership under the Legal Services Regulation Act 2015
With effect from 3 November 2020 (the “Relevant Date”), Regan Wall has been authorised by the Legal Services Regulatory Authority to operate as Regan Wall LLP (the “Firm”), a limited liability partnership under the Legal Services Regulation Act 2015 (the “Act”).
From the Relevant Date and in accordance with Section 123 of the Act (subject to the exceptions listed therein), a partner in the Firm has no personal liability for any debts, liabilities or obligations which are incurred for the purpose of carrying on the business of the Firm (whether these are liabilities of the Firm, of himself or herself, of another partner or partners in the Firm or of any employee, agent or representative of the Firm) and however such liability may arise.
These changes relate only to the personal liability of partners and do not prevent or restrict the enforcement against the property of the Firm of any debt, liability or obligation.
The Partnership Act 1890 continues to apply to the Firm to the extent that it is not inconsistent with Chapter 3 of Part 8 of the Act.
If you have any queries relating to these changes, please contact us by email at email@example.com.