unlimited liability

Corporations, which cannot accept unlimited liability, would then apparently be able to join Lloyd's and provide more capital.

The general partner serves as the manager of the limited partnership, and has unlimited liability.

It has unlimited liability and is not liable for corporation tax.

Must have at least one "general partner" with unlimited liability.

It has at least one partner with unlimited liability (Komplementär).

However, they required at least one (and often several) partners with unlimited liability.

Court decisions against the entity itself may give rise to unlimited personal liability for each and every member.

With unlimited liability, not one insurance company will want to conclude policies, unless they introduce these themselves.

My direct question to the Commission is: how would this new situation change, i.e. that of unlimited liability?

That rule of unlimited liability for Lloyds names has now been changed, so future investors won't face the same problem.