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Partnership bill vies for space in the law book

THE CONSTRUCTION Industry Council has written to the Lord Chancellor this week to fight for a limited liability partnership bill to be introduced this year.

The bill, which the industry has campaigned for since the last Government, would protect individual partners from full legal and financial liability should a partnership be sued.

The CIC claims the bill is far advanced enough to be brought onto the statute book by early 2000. But it faces stiff competition for legislative space from the E-commerce bill to govern Internet financial transactions.

In the letter to the Lord Chancellor, CIC chief executive Graham Watts said it would be 'highly regrettable' if the bill was delayed or lost at such a late stage. He warned that partnerships were reporting problems in recruiting new partners because of the risk to their personal assets.

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