On 17 September 2025, SWI CDBF blogged on correction of designation of UBO. SWI CBDF blogged on of Geneva Canton Court of Justice judgment ACJC/805/2025 of June 2025, re action for rectification of personal data brought in banking context. One of first published case law relating to such action in the banking sector. Raises questions […]
On 29 July 2025, PAK SEC introduced above mentioned amendments to Companies regulations, 2024 establishing centralized ultimate beneficial ownership (UBO) registry. UBO data will be accessible to financial institutions and other stakeholders as needed. UBO information submission required for financial years ending 30 June 2025 or later.
On 21 June 2023, SIN GVT issued exemption from section 379 regulations. SIN GVT published the Companies (listed foreign companies – exemption from section 379) regulations 2023 in the gazette, which come into operation on Jun. 28, 2023. Section 379 of the act requires a foreign company to maintain a register of members. Exemption A […]
On 16 February 2022, RUS GVT amended law regarding foreign legal entity. RUS GVT issue law making amendments to Articles 28 and 29 of the law on protection of competition and law on the procedure for making foreign investments in business companies of strategic importance for ensuring national defense and state security. Provides for specifics […]
On 16 July 2020, CAY GVT issued statement on beneficial ownership register. CAY GVT welcomed UK GVT recognition of work from British overseas territories (BOT). On establishing publicly accessible registers, to disclose company beneficial ownership. Follows UK GVT July 2020 statement on BOT beneficial ownership register. Steps Taken Cayman significantly strengthened and enhanced its beneficial […]