Articles from October 2009

WASHINGTON OVERHAULS LAWS GOVERNING LIMITED PARTNERSHIPS

Date: October 29th, 2009

On April 23, 2009, Governor Christine Gregoire signed into law the most significant update to Limited Partnership law in a generation. Effective January 1, 2010, Washington limited partnerships will be governed by the Washington Uniform Limited Partnership Act (the “WULPA”), representing a wholesale replacement of … Read More »

HIGHLIGHTING MAJOR DEFECTS WITHIN WASHINGTON’S LLC ACT.

Date: October 12th, 2009

Currently, major defects exist in Washington’s Limited Liability Company Act (RCW § 25.15 et seq.) that allow, and sometimes even cause a Washington LLC to disappear without properly resolving potential claims against the LLC. These defects were highlighted in April 2009, when the Washington Legislature … Read More »

OBAMA ADMINISTRATION PROPOSES LEGISLATION ELIMINATING THE PRIVATE ADVISER EXEMPTION

Date: October 1st, 2009
Categories: Private Equity

On July 15, 2009, the Treasury Department proposed new legislation entitled the Private Fund Investment Advisers Registration Act of 2009 (the “Act”). If enacted, the Act will require many presently-exempted advisers to private investment funds (such as hedge funds, private equity funds, and venture capital … Read More »