Topic
Shell Companies
28 published works
Governance & Compliance Insider
The SEC Amends Policy on Economic Projections, and Issues Final Rules and Additional Guidance for SPACs and Shell Companies
As discussed in more detail in our eUpdate published today, the SEC on January 24, 2024 adopted final rules amending the disclosure and registration requirements applicable to special purpose acquisition…
Free Writings + Perspectives
SEC Adopts Final Rules Relating to SPACs, Shell Companies and Projections
On January 24, 2024, the US Securities and Exchange Commission (the “SEC”) adopted new rules and amendments to existing rules and forms (the “Final Rules”) addressing (i) the treatment under…
Money Laundering Watch
FinCEN Renews and Expands GTO
FinCEN announced on October 20 that, once again, it is extending the Geographic Targeting Order, or GTO, which requires U.S. title insurance companies to identify the natural persons behind so-called…
Future Focused
The Corporate Transparency Act (CTA)
By Carolyn A. Reers, Robert J. Kornhaas, Evan S. Kipperman, Wiggin and Dana LLP
Originally published on February 11, 2021. The Corporate Transparency Act (CTA) was enacted on January 1, 2021 as part of the National Defense Authorization Act creating a federal beneficial ownership…
Money Laundering Watch
Real Estate GTO Renewed and Expanded
FinCEN announced yesterday that, once again, it is extending the Geographic Targeting Order, or GTO, which requires U.S. title insurance companies to identify the natural persons behind so-called "shell companies"…
Corporate and Securities Law
SEC Proposes Rules Regarding Special Purpose Acquisition Companies, Shell Companies, and Projections
Disputing Tax
ATAD 3 – How Will Private Equity Measure Up?
Andrew Howard, Ropes & Gray tax partner, outlines his thoughts on the likely impacts on private equity of the ‘ATAD 3’ EC proposal, designed to prevent the misuse of shell…
Ogden Glazer + Schaefer Blog
More Oversight is Coming!
About one year ago today, I wrote a post called “Changes are Coming – Be Prepared to Disclose Beneficial Ownership in 2021.” Although those changes (i.e. the requirement that all…
Does Crime Pay?
The Corporate Transparency Act: Congress Attempts to Stop the Shell Game
By Ben Sandlin, David A. Wilson
On January 1, 2021, Congress passed the National Defense Authorization Act for Fiscal Year 2021. Included among its provisions is the Corporate Transparency Act (CTA), which, in short, requires qualifying…
Corporate & Financial Weekly Digest
SEC Corp Fin Staff Issues Statement on SPAC Transactions
By Brian Hecht, Mark J. Reyes, Mark D. Wood
On March 31, the staff of the Division of Corporation Finance (the Staff) of the Securities and Exchange Commission issued a staff statement (the Staff Statement) relating to accounting, financial…