TY - JOUR
T1 - The need to adopt a limited liability partnership for the legal profession in the partnership law
T2 - A critical review from Indonesia’s perspective
AU - Dewi, Yetty Komalasari
N1 - Funding Information:
The author received no direct funding for this research.
Publisher Copyright:
© 2021 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license.
PY - 2021
Y1 - 2021
N2 - 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.
AB - 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.
KW - Business legal form
KW - limited liability partnership
KW - LLP
KW - Maatschap
KW - partnership law
UR - http://www.scopus.com/inward/record.url?scp=85119383933&partnerID=8YFLogxK
U2 - 10.1080/23311886.2021.1999005
DO - 10.1080/23311886.2021.1999005
M3 - Article
AN - SCOPUS:85119383933
SN - 2331-1886
VL - 7
JO - Cogent Social Sciences
JF - Cogent Social Sciences
IS - 1
M1 - 1999005
ER -