The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective

Traditionally, cooperation between people working within legal professions has taken the form of a partnership, under which each partner may be personally liable to third parties for any damages caused. There have been efforts to limit the liability of the partners in such a partnership. Several jur...

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Autor principal:	Yetty Komalasari Dewi
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	business legal form limited liability partnership partnership law llp maatschap Social Sciences H
Acceso en línea:	https://doaj.org/article/c66492e98ee5461caef499760a4af445
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spelling	oai:doaj.org-article:c66492e98ee5461caef499760a4af4452021-11-17T14:22:00ZThe need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective2331-188610.1080/23311886.2021.1999005https://doaj.org/article/c66492e98ee5461caef499760a4af4452021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311886.2021.1999005https://doaj.org/toc/2331-1886Traditionally, cooperation between people working within legal professions has taken the form of a partnership, under which each partner may be personally liable to third parties for any damages caused. There have been efforts to limit the liability of the partners in such a partnership. Several jurisdictions have adopted the Limited Liability Partnership (LLP) form, which is derived from the United States of America for legal professions. Other jurisdictions, such as the Netherlands and Indonesia, continue to use the civil form (or ordinary) partnership and the Maatschap. To date, there is a dearth of scholarship that comprehensively examines the concept of the LLP from the perspective of Indonesian Partnership Law. This article evaluates the idea of incorporating LLP as a new form in the Bill of Business Entities in Indonesia, which can be used for, amongst other matters, legal practice. The assessment offered may be useful for other civil law countries considering adopting the LLP-model. Currently, the ideal legal form for legal professions is being discussed in Indonesia. This paper argues that although it is necessary to revitalize the current regulations around the Indonesian Maatschap, it is not crucial to adopt LLP as a new form of business organization.Yetty Komalasari DewiTaylor & Francis Grouparticlebusiness legal formlimited liability partnershippartnership lawllpmaatschapSocial SciencesHENCogent Social Sciences, Vol 7, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	business legal form limited liability partnership partnership law llp maatschap Social Sciences H
spellingShingle	business legal form limited liability partnership partnership law llp maatschap Social Sciences H Yetty Komalasari Dewi The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective
description	Traditionally, cooperation between people working within legal professions has taken the form of a partnership, under which each partner may be personally liable to third parties for any damages caused. There have been efforts to limit the liability of the partners in such a partnership. Several jurisdictions have adopted the Limited Liability Partnership (LLP) form, which is derived from the United States of America for legal professions. Other jurisdictions, such as the Netherlands and Indonesia, continue to use the civil form (or ordinary) partnership and the Maatschap. To date, there is a dearth of scholarship that comprehensively examines the concept of the LLP from the perspective of Indonesian Partnership Law. This article evaluates the idea of incorporating LLP as a new form in the Bill of Business Entities in Indonesia, which can be used for, amongst other matters, legal practice. The assessment offered may be useful for other civil law countries considering adopting the LLP-model. Currently, the ideal legal form for legal professions is being discussed in Indonesia. This paper argues that although it is necessary to revitalize the current regulations around the Indonesian Maatschap, it is not crucial to adopt LLP as a new form of business organization.
format	article
author	Yetty Komalasari Dewi
author_facet	Yetty Komalasari Dewi
author_sort	Yetty Komalasari Dewi
title	The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective
title_short	The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective
title_full	The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective
title_fullStr	The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective
title_full_unstemmed	The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective
title_sort	need to adopt a limited liability partnership for the legal profession in the partnership law: a critical review from indonesia’s perspective
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/c66492e98ee5461caef499760a4af445
work_keys_str_mv	AT yettykomalasaridewi theneedtoadoptalimitedliabilitypartnershipforthelegalprofessioninthepartnershiplawacriticalreviewfromindonesiasperspective AT yettykomalasaridewi needtoadoptalimitedliabilitypartnershipforthelegalprofessioninthepartnershiplawacriticalreviewfromindonesiasperspective
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The need to adopt a limited liability partnership for the legal profession in the partnership law: A critical review from Indonesia’s perspective

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