Effective Jan. 1, 2024, the Corporate Transparency Act (CTA) will require certain U.S. legal entities and foreign entities registered to do business in the United States (collectively, Reporting Companies) to disclose information about their beneficial owners and persons who register
With increased public awareness that a notice of intention to appoint administrators (NOI) has been filed, we are finding that third parties – usually the company’s creditors, suppliers and employees – are disrupting the administration process in a way that
On 30 November 2023, the FCA published the latest edition of the Regulatory Initiatives Grid from the Financial Services Regulatory Initiatives Forum. The Forum is made up of representatives of the Bank of England, the Competition and Markets Authority, the
On 30 November 2023, the FCA published a statement on communications in relation to packaged retail and insurance-based investment products (PRIIPs) and undertakings for collective investment in transferable securities (UCITS).
The statement relates to concerns raised about costs and charges
On 30 November 2023, the Bank of England (BoE) issued a consultation paper on codes of practice for wholesale cash distribution market oversight.
Legislation provides that the BoE must consult on codes of practice that it wishes to publish under
On 30 November 2023, the Single Resolution Board (SRB) published its Annual Work Programme for 2024.
The Annual Work Programme 2024 will be completed early next year with a multi-annual work programme for the SRB, based on the 2023
On 30 November 2023, the European Banking Authority (EBA) published a statement in the context of COP 28. In its statement, the EBA highlights its efforts to integrate sustainability aspects in many areas of its work, including risk management, disclosures,
A consensual resolution among all stakeholders is an important goal of any bankruptcy proceeding. But how can parties reach a consensual deal if financing is drying up quickly and the prospect of confirming a plan is grim? That was the
On 29 November 2023, the House of Commons Environmental Audit Committee published its report on the financial sector and the UK’s net zero transition.
The report follows an inquiry, launched by the Committee in May 2022 to examine the role
In Cramer v. Netflix, Inc., 3:22-cv-131 (W.D. Pa. Sep. 18, 2023), the plaintiff brought a lawsuit alleging copyright infringement because a photograph flashed on the screen during the “Tiger King 2” documentary depicted a tattoo of the now famous