UK limited partnerships – an exercise in restraint

Eamon McCarthy-Keen (+44 (0)20 7822 7733, emkeen@petersandpeters.com) is an associate at Peters & Peters.

A 112-year-old UK statute, traditionally used to set up agricultural tenancy structures in Scotland, and an international money laundering scheme may appear, at first glance, to be unlikely bedfellows. However, the two have become closely intertwined, writes Eamon McCarthy-Keen of Peters & Peters, with the increasingly sophisticated techniques used by organised crime. Limited Partnerships are now at the heart of HM Government’s current attempt to tackle the UK’s ‘McMafia’ landscape.