An exempted limited partnership (ELP) in the Cayman Islands allows limited partners (LPs) to bring derivative actions if the general partner (GP) fails to act without cause, as established by section 33(3) of the ELP Act. The Privy Council recently ruled that LPs could pursue claims against a GP involved in wrongdoing, affirming their right to protect investments. The Court clarified that conflicts of interest at the GP level justify LPs taking legal action. The ruling highlights the distinctions between ELPs and companies regarding derivative claims, emphasizing the need for LPs to demonstrate special circumstances to initiate proceedings.