Dissolution
Please note: These guidance notes are not intended to be definitive legal advice and should not be relied upon as such. The interpretation of legislation is a matter on which the Guernsey Registry cannot advise and entities/individuals need to form their own independent view on compliance with the legislation. Independent legal advice is advised where there is any uncertainty.
Limited partnerships are administered by Guernsey Registry on behalf of Her Majesty's Greffier.
In accordance with Part IV of The Limited Partnerships (Guernsey) Law, 1995, a limited partnership can be dissolved under any of the following circumstances:
- Upon the happening of any event specified in that behalf in the partnership agreement
- Upon the expiration of its fixed term
- If no term is fixed for the duration of the partnership, upon the expiration of a period of 30 years beginning on the date of its registration
- Upon the written agreement of all partners that the partnership be dissolved
- Upon the death, legal incapacity, retirement, resignation, removal, bankruptcy or dissolution of a general partner (subject to certain exceptions)
- Upon the order of the Royal Court.
Notice of the dissolution of a limited partnership shall be filed with the Greffier (c/o Guernsey Registry) within 7 days of the date of dissolution. A notice must also be published in La Gazette Officielle.
There is no set form to notify the Registry of the dissolution of a limited partnership. Dissolution notices can be submitted via the Online Services Portal . The filing fee (£25) can be paid by credit/debit card or Registry credit account.
