(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 incorporated limited partnerships; or

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

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

(2)  A partner in a recognised incorporated limited partnership is liable for a liability incurred by the partnership as a result of –

(a) the conduct of the recognised incorporated limited partnership's business in this State; or

(b) the acts or omissions in this State of a partner in the recognised incorporated limited partnership or of the partnership itself or of any officer, employee, agent or representative of such a partner or of the partnership –

only in circumstances where the partner would be so liable under the corresponding law if the conduct or acts or omissions occurred in the place where the recognised incorporated limited partnership was formed.

(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.