Brodies LLP partners Alan Knowles and Bruce Stephen, along with senior associate Eilidh McMillan and associate Jamie Steel, explore the use of Scottish limited partnerships in fund structures.

In addition to their tax transparency, the attraction of SLPs in fund structures is that, unlike limited partnerships constituted elsewhere in the UK, they have separate legal personality from their partners.

This means that they can own assets, enter into contracts, borrow money and be sued all in their own name.

Read more here.