Hong Kong Lawyer
The Limited Partnership Fund Ordinance (Cap. 637) (the “LPFO”), which came into effect on August 31, 2020, introduces the limited partnership fund (“LPF”), a new entity type for private equity and venture capital funds in Hong Kong. LPF features flexibility and legal protections comparable to those found in other jurisdictions such as Delaware and the Cayman Islands.
In a recent Hong Kong Lawyer article titled “New Regime on Limited Partnership Fund Introduced in Hong Kong”, Morrison & Foerster partners Serena Tan, Nicholas Sheets, Matthew Lau, and associate Joanna Wang review the major provisions of the LPFO and the key features of the LPFs. By introducing the LPFO, will Hong Kong attract more fund sponsors to establish PE and VC funds in the city?
Read the full article.