LLPs as corporate vehicles

摘要

For many years local authorities and those advising them have faced uncertainty as to whether legal powers exist to permit local authorities to set up or participate in Limited Liability Partnerships (LLP) for land, housing and other purposes.The recent first instance judgment Peters-v-Haringey LBC and Lendlease Europe Holdings (2018) (EWHC 192 admin) 'The Haringey case', now provides much needed clarity to this difficult local authority vires (powers) issue.As a result, local authorities may wish to either revisit or more fully consider what a LLP might offer over more conventional partnership vehicles such as companies.Haringey LBC has ambitious plans to undertake regeneration of certain economically deprived parts of the borough but recognised the council faced significant constraints in terms of available funding, experience and skills in-house to achieve its objectives.It conceived a plan to select a joint venture partner through an EU-compliant competitive tender to join with it to achieve its ends.