• Trading Disclosures

    • 10. 10. Requirement to disclose LLP name etc

      Sections 70 to 71 and 73 apply to LLPs, modified so that they read as follows —

      • 70. Requirements to disclose LLP name etc

        (1) The provisions of the Business and Company Names Rules 2015 relating to Trading Disclosures apply to LLPs.
        (2) As they apply to LLPs —
        (a) read references to a company as references to an LLP,
        (b) read references to a director as references to a member of an LLP,
        (c) read references to an officer of a company as references to a designated member of an LLP,
        (d) in rule 19 (disclosure of names of members) of those rules —
        (i) at the beginning of paragraph (1) insert "Subject to paragraph (3)," and
        (ii) after paragraph (2) insert —
        "(3) Paragraph (1) does not apply in relation to any document issued by an LLP with more than 20 members which maintains at its principal place of business a list of the names of all the members if the document states in legible characters the address of the principal place of business of the LLP and that the list of the members' names is open to inspection at that place.
        (4) Where an LLP maintains a list of the members' names for the purposes of paragraph (3), any person may inspect the list during office hours."

      • 71. Consequences of failure to make required disclosure

        (1) This section applies to any legal proceedings brought by an LLP to which section 70 applies (requirement to disclose LLP name etc) to enforce a right arising out of a contract made in the course of a business in respect of which the LLP was, at the time the contract was made, in breach of the Business and Company Names Rules 2015.
        (2) The proceedings shall be dismissed if the defendant to the proceedings shows —
        (a) that he has a claim against the claimant arising out of the contract that he has been unable to pursue by reason of the latter's breach of the Rules, or (b) that he has suffered some financial loss in connection with the contract by reason of the claimant's breach of the Rules, unless the Court before which the proceedings are brought is satisfied that it is just and equitable to permit the proceedings to continue.
        (3) This section does not affect the right of any person to enforce such rights as he may have against another person in any proceedings brought by that person."

      • 73. Minor variation in form of name to be left out of account

        (1) For the purposes of this Chapter, in considering an LLP's name no account is to be taken of —
        (a) whether upper or lower case characters (or a combination of the two) are used,
        (b) whether diacritical marks or punctuation are present or absent,
        provided there is no real likelihood of names differing only in those respects being taken to be different names.
        (2) This does not affect the operation of provisions of the Business and Company Names Rules 2015 permitting only specified characters or punctuation."