Posts by moc.5178644935401oid1786449354uts@m1786449354ot1786449354

Daniel Greineder, previously head of international arbitration at London boutique Albertson Solicitors, has joined Kalbian Hagerty as of counsel in New York.

A new U.S. federal law went into effect on January 1, 2024 called the Corporate Transparency Act (“CTA”). The CTA imposes new burdensome reporting requirements regarding beneficial ownership and control targeted at small private companies. Essentially, the CTA requires certain entities, called “reporting companies” to report information about the companies themselves and personal information regarding their “beneficial owners” (i.e. a passport/US driver’s license and current residential address) to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of Treasury. The law defines “beneficial owners” as individuals who hold at least a 25% direct or indirect interest...