Section 33

Where a Labuan limited liability partnership changes its name, it shall deliver a notice of the change to the Authority in accordance with the provisions of subsection 31(1).

If the Authority approves the change of name, the Authority shall, on payment of the prescribed fee, issue a certificate of registration of the Labuan limited liability partnership under the new name and upon the issue of the certificate of registration the change of name shall become effective.

Labuan Limited Partnerships and Limited

Liability Partnerships 37

If the name of a Labuan limited liability partnership is, whether through inadvertence or otherwise and whether originally or by a change of name, a name by which the Labuan limited liability partnership could not be registered without contravention of section 32, the Labuan limited liability partnership shall change its name to a name to be approved by the Authority and if the

Authority so directs, shall so change it within thirty days after the date of direction or such longer period as the Authority allows.

If the Labuan limited liability partnership fails to comply with the direction given by the Authority under subsection (4), it shall be liable to an administrative penalty as specified by the

Authority.

A change of name pursuant to this Act shall not affect the identity of the Labuan limited liability partnership or any rights or obligations of the Labuan limited liability partnership, or render defective any legal proceedings by or against the Labuan limited liability partnership.

Any legal proceedings that might have been continued or commenced by or against the Labuan limited liability partnership by its former name may be continued or commenced by or against the Labuan limited liability partnership by its new name.