Joint Committee makes submissions on acting–in-concert and partnership control concepts in draft Folio

In response to the release in draft form of Folio S1-F5-C1 entitled "Related persons and dealing at arm’s length," the Joint Committee has made detailed submissions that a statement - that highly interdependent dealings presumptively establish a non-arm’s length relationship - does not accord with the jurisprudence, and also has suggested an acknowledgment that generally it is the GP of a limited partnership who controls corporate investments of the partnership.