Part 2 – Limited partnerships etc Dissolution, winding up and sequestration Section 131: Winding up limited partnerships on grounds of public interest
This section inserts new section 28 into the Limited Partnerships Act 1907 which makes provision for the Secretary of State to petition the courts for the winding up of limited partnerships in the United Kingdom where it is in the public interest to do so. New section 28 also allows Scottish Ministers to petition the court to wind up a Scottish limited partnership in the public interest and the Department for the Economy in Northern Ireland to petition the courts to wind up a Northern Irish limited partnership.
	Further, new section 28 requires that the Secretary of State must consult Scottish Ministers before presenting a petition in respect of a Scottish Limited Partnership, and the Department for the Economy in Northern Ireland before presenting a petition in respect of a Northern Irish limited partnership. The court may order the winding up of the limited partnership if the court believes that it is just and equitable for the limited partnership to be wound up. It also provides that this power does not limit any other power the court has in the same circumstances.