As in the case of a Luxembourg common limited partnership (CLP, société en commandite simple), the management of a Luxembourg special limited partnership (SLP, société en commandite spéciale) belongs to one or more managers, whether general partners (associés commandités) or not. As in the case of a CLP, the managers of the SLP are appointed in accordance with the provisions of the partnership agreement. 

Managers who are not general partners are liable to the SLP, in accordance with general law provisions (droit commun), for the mandate they have received and for any faults committed under their management. 

References: Article 320-3, § 1, 2 and 441-9, § 1 of the law of 10 August 1915 on commercial companies as amended; #206-195* La gérance d’une SCSp - Introduction, 13 juillet 2020, Bertrand Mariaux; and by way of comparison (the same rules) to CLPs in this matter: La gérance des SCS - introduction #184-173*, 21 juin 2020, Bertrand Mariaux.

*Podcast #327

*YouTube Video 316*

Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)

Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)

Contributor: Cédric Buisine, Avocat