Corporate and M&A

Contact: Emmer Scully; LK Shields Solicitors (Ireland)

The High Court in England recently considered the extent of a limited partner’s right to inspect the partnership’s books.

Inversiones Frieira SL, Inversiones Valea SL v Colyzeo Investors II LP, Colyzeo Investment Management Limited. [2012] EWHC 1450 (Ch).

In this case certain limited partners were seeking an order for the general partner to grant them access to a range of documents in relation to investments held by the partnership a number of which were held through special purposes vehicles. A limited partner has a statutory right to inspect the books of the limited partnership and may "advise with" the partners thereon without being considered to take part in the management of the partnership. This case concerned the application of principles set out by the High Court in an earlier judgment in the same case.

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