The management of a common limited partnership (CLP - société en commandite simple) resorts with one or more managers. These managers may or may not be general partners (GP(s) - associé commandité), as provided by the law. The managers are appointed in accordance with the provisions of the partnership agreement of the CLP.
In the case of managers who are not GP(s), they are liable in accordance with general law applicable to public limited companies (sociétés anonymes) and European companies (sociétés européennes).
References: Article 310-2, §1 & 2 of the law of 10 August 1915 on commercial companies as amended; #344-333* What is a common limited partnership (CLP)? April 21, 2021, Bertrand Mariaux Avocats.
*Podcast #347
*YouTube Video 336*
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