Key Features of the Irish Investment Limited Partnership

Following the recent overhaul of the legislation governing ILPs in Ireland and the publication of guidance by the Central Bank of Ireland relating to Irish domiciled closed-ended funds, we have prepared a briefing document outlining the key features of the Irish ILP.

The key features of an ILP covered in this document are outlined below:

1. ILP Marketing Rules

2. ILP Capital Accounting

3. ILP Management Participation

4. ILP Clawbacks

5. ILP Excuse and Exclude

6. Defaulting Investor

7. ILP Valuation

8. Admission of Limited Partner

9. Umbrella ILP

10. ILP Authorisation Process

11. ILP Advisory Committee

12. LPA Amendment

13. Taxation of ILP

If you have any queries arising from our briefing or would like to discuss the establishment of an ILP in Ireland, please do not hesitate to contact your usual Dillon Eustace contact.