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Company & Commercial

September 04 2017
Christopher Jünger Beneficial Ownership Register to be introduced in Austria

Austria - Schoenherr Attorneys at Law

Parliament recently passed a new law on the registration of beneficial owners of Austrian legal entities. After obtaining the necessary approval of the Austrian federal states, the law is expected to enter into force on January 15 2018. In disclosing the relevant information on beneficial owners, the register aims to detect and prevent money laundering, especially with regard to complex corporate structures, holding companies or private foundations and trusts.

Author: Christopher Jünger
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Santiago Montt Vicuña Disposal procedure for unclaimed shares

Chile - Montt y Cia SA

Law 20,954, which amends the Corporations Act in Law 18,046, was recently published in the Official Gazette. The amendment provides that custodians of shares in public companies that hold shares on behalf of other parties must provide the Securities and Insurance Commission with the identity of those parties. Banks that act as custodians must report this information to the Superintendence of Banks and Financial Institutions.

Author: Santiago Montt Vicuña
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Recent updates

Kathrine Bancroft Strategic report changes ahead

United Kingdom - Squire Patton Boggs

Author: Kathrine Bancroft
Joshua Mangeot Shareholder activism: considerations for BVI companies

British Virgin Islands - Harneys

Author: Joshua Mangeot
Stella Koukounis EU directive on non-financial reporting transposed into domestic law

Cyprus - Solsidus Law

Author: Stella Koukounis
Alain Hannouche Registration of non-governmental organisations in the Kurdistan Region of Iraq

Iraq - Hannouche Associates LLP

Authors: Alain Hannouche, Amanda Mezher