Section 12
Enforcement of judgments against property of Labuan limited partnership
of Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
Subject to subsection (3), no judgment shall be enforced against a property of a Labuan limited partnership unless the judgment has been granted against a general partner in that partner’s capacity as a general partner of that Labuan limited partnership.
Act 707
(2)
Creditors of a general partner or a limited partner, in that partner’s capacity other than as a general partner or a limited partner of the Labuan limited partnership, shall have no claim against the property of that Labuan limited partnership.
(3)
Nothing in subsection (1) shall preclude the enforcement of an order of the court relating to the property of a Labuan limited partnership in any case where, by reason of any of the events mentioned in paragraph 26(1)(a) or (b), a judgment could not be granted against a general partner in that partner’s capacity as a general partner of that Labuan limited partnership.