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The Norwegian Consumer Authority has issued it's first infringement penalty pursuant to the Norwegian Transparency Act - and it bites! Our experts Kristin Nordland Brattli, Håkon Stalheim Meldahl and Mads K. Haugse have written a newsletter where you can read more about the decision. The penalty for failing to reply to two information requests amounts to NOK 450 000 (approx. 0,2 per cent of the company's annual turnover in 2023). Read the newsletter here: https://lnkd.in/dEgF5shz #åpenhetsloven #compliance #humanrights #transparencyact

Attention Private Equity Professionals! Are you struggling to navigate the complex regulatory landscape for your portfolio companies? Join our upcoming webinar on strengthening PortCo compliance! → https://lnkd.in/gJe_xgCW Date: 10/15/24 Time: 1PM CDT Our panel, Ashlin Quirk (Axiom), Andrea Liburdi (Axiom Advice & Counsel), and Eric Bouchard (Axiom) will discuss: - Key compliance challenges in today's regulatory climate - Strategies for optimizing governance structures - Balancing firm legal support with PortCo management Don't miss this opportunity to protect your investments and drive value. Register now! hashtag #PrivateEquity hashtag #Compliance hashtag #PortfolioManagement Disclaimer: https://lnkd.in/gYZ2exxf

#BENEFICIAL_OWNERSHIP_INFORMATION_REGULATIONS The Companies (Beneficial Ownership Information) Regulations, 2020 came into force on 18 February 2020.This is in line with Section 93A of the Companies Act 2015 which requires a Kenyan incorporated company to disclose information relating to the beneficial owners of the company. #Who_is_a_beneficial_owner? The regulations define a Beneficial Owner as a person who satisfies the following requirements:- (i) Holds at least 10% of the issued shares in the company either directly or indirectly; (ii) Exercises directly or indirectly at least 10% of the voting rights in the company; (iii) Holds a right directly or indirectly to appoint or remove a director of the company; or (v) Exercises significant influence or control directly or indirectly in the company. 

🚨The EU Commission's Whistleblower Protection Expert Group (the “Expert Group”) has shed light on the requirements for internal reporting channels in corporate groups, by interpreting several debatable provisions of Directive (EU) 2019/1937 On Whistleblower Protection (the “Directive”).   These interpretations, while non-binding, provide valuable guidance for Romania, ensuring compliance with the principles of the Directive.   🚨Understanding the interpretations is crucial for effective compliance and protection of whistleblowers. Dan Ciupala, one of our key experts from the Romanian office has prepared a brief overview which is not to be missed.   👉 Check out the material on our blog: https://lnkd.in/dyWkwGrW   🔎Do you need further guidance regarding this important topic? Our legal team is opened to discuss about the key aspects that will help your whistleblowing system to run properly.   #Whistleblowing #CorporateCompliance #Transparency #Compliance #legalalert #Eudirective #peterkapartners

𝐏𝐫𝐞-𝐋𝐢𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐀𝐜𝐭𝐢𝐨𝐧 𝐏𝐨𝐢𝐧𝐭𝐬 𝐟𝐨𝐫 𝐈𝐓 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 Broken promises in IT Agreements often result in negligent misrepresentation suits. As litigation is often arduous and unpredictable, it is important to fortify a party’s position even before a dispute happens. In this alert, Partner Chan Mun Yew and Associate James Lau Jian Hui suggest practical and actionable steps for IT service providers and customers to protect their interests at the onset, beginning from the negotiations stage of the IT Agreement.  Read here: https://lnkd.in/gMvuVQfb If you have any queries, please contact the authors, Partner Chan Mun Yew ([email protected]) and Associate James Lau Jian Hui ([email protected]). #lhagmy #lhaginsights #TMT #Technology #Media #Telecommunications

📢 Whistleblowers are making a comeback in Poland! Organizations will have 3️⃣ months from the announcement of the law to comply. On 23 May 2024, the Polish government adopted the Whistleblower Protection Act, which aims to protect people reporting violations of the law regardless of the basis and form of work or service. Based on the proposed regulations, businesses will be required to implement internal reporting channels. Notably, this obligation will apply to: 1️⃣ Private sector entities with at least 50 employees 2️⃣ Public sector entities employing at least 50 people @WeMoral is ready to support you and your business. #wemoral #compliance #whistleblowers #whistleblowing

📣 Reorg published its global #liabilitymanagement quarterly report this week. Our #trifecta of journalists, financial and legal analysts are all over this and we are the ONLY firm that looks at these transactions on a global scale . We look at the rise of #cooperationagreements, spotlight on #Ardagh and #GuangzhouRF and #Hunkemoller transactions and more! See below some selected LMEs in US in Q2. #financialanalysis #distresseddebt #specialsituations

The recent nationwide injunction has suspended the enforcement of the Corporate Transparency Act and its Beneficial Ownership Information Report requirements. Philip Amoa, Veronica Montagna, and Kendeil Dorvilier discuss how businesses should continue to assess their obligations and stay informed on the evolving legal landscape, as the case moves through the Fifth Circuit. Read more: https://lnkd.in/gmhmxaVQ #CTA #BOIR #corporatetransparency

Why offshore? Offshore companies provide a layer of asset protection by separating personal assets from business liabilities, reducing exposure to legal risks and creditor claims. Moreover, robust privacy provisions keep your information confidential, enabling discreet business operations. Read more about our jurisdictions on offer: https://buff.ly/3JYiHAI #offshorecompany #assetprotection #privacyprovisions #taxadvantages #internationalbusiness #offshorebanking #assetmanagement #wealthprotection #legalstructures

In an effort to enhance compliance, Companies House is rolling out a new regime with stricter penalties for those who fail to meet their obligations. This initiative aims to improve the accuracy of the UK company register and prevent its misuse. Read more here: https://lnkd.in/e_J8J2Vq #CompaniesHouse #NonCompliance #Penalties #BusinessAdvice