(1)  In this section –

corresponding law means –

(a) a law of another jurisdiction that substantially corresponds to the provisions of this Act that relate to limited partnerships; or

(b) a law declared by the regulations to be a corresponding law for the purposes of this section;

recognised limited partnership means a partnership formed in accordance with a corresponding law.

(2)  Any limitation under a corresponding law on the liability of a limited partner in a recognised limited partnership extends to any liability incurred in connection with the conduct of the partnership's business in this State.

(3)  This section is additional to, and does not derogate from, any rule of law under which recognition is or may be given to a limitation of liability of a partner in a partnership (including an external partnership).