The recent judgment of the Hong Kong Court of Appeal offers greater protection to legal communications and documents created between clients and their lawyers from disclosure in Hong Kong. Such protection arises in situations where a client may be required to produce documents, including regulatory investigations. Recent developments On 29…
SEC officials have expressed concern that companies are not properly identifying and disclosing material weaknesses in internal controls, and that such weaknesses are too frequently disclosed only in conjunction with a restatement – after the damage is, in effect, done. See, e.g., January 2014 Update. However, an academic study in…
Pursuant to AML changes in the law1, all Ukrainian legal entities are required to file with the State Registrar, not later than on 25 May 2015, a registration form containing information about their ultimate beneficial owner(s) (UBO(s)). If you have not yet done so, please make sure that your company…
A law requiring an upfront disclosure of beneficial ownership of companies to the Ukrainian authorities has been signed by the President. All companies previously registered in Ukraine will be required to disclose their ultimate beneficiaries in a public register. They will have six months from the date when the law…