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2 months ago | 
mondaq.com | Andrew Bettwy |Jeffrey Horwitz |Yuval Tal |Robert Sutton
On January 23, 2025, the U.S. Supreme Court ruled that thefederal government may enforce the Corporate Transparency Act("CTA") while the Fifth Circuit continues to review aconstitutional challenge to the law. Previously, the Fifth Circuithad upheld a Texas district court's injunction of enforcementof the CTA while litigation continued.1 The SupremeCourt's decision does not address the underlying question ofthe CTA's constitutionality, but permits its enforcement whilethe legal challenge proceeds.
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2 months ago | 
jdsupra.com | Martine Seiden Agatston |Andrew Bettwy |Jeffrey Horwitz
On January 23, 2025, the U.S. Supreme Court ruled that the federal government may enforce the Corporate Transparency Act (“CTA”) while the Fifth Circuit continues to review a constitutional challenge to the law.
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Jan 6, 2025 | 
mondaq.com | Andrew Bettwy |Jeffrey Horwitz |Yuval Tal |Robert Sutton
On December 26, 2024, the Fifth Circuit of the United StatesCourt of Appeals vacated the stay of the injunction on theCorporate Transparency Act (the "CTA") that a panel hadissued earlier in the week. As a result, the injunction is back ineffect and the CTA is not currently enforceable.
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Dec 5, 2024 | 
mondaq.com | Andrew Bettwy |Jeffrey Horwitz |Yuval Tal |Robert Sutton
On December 3, 2024, the United States District Court for the
Eastern District of Texas issued a nationwide injunction against
enforcement of the Corporate Transparency Act (the
"CTA").
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Dec 5, 2024 | 
jdsupra.com | Andrew Bettwy |Jeffrey Horwitz |Seetha Ramachandran
On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide injunction against enforcement of the Corporate Transparency Act (the “CTA”).
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Dec 4, 2024 | 
natlawreview.com | Andrew Bettwy
On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide injunction against enforcement of the Corporate Transparency Act (the “CTA”).
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Nov 6, 2024 | 
mondaq.com | Andrew Bettwy |Elanit Snow |Robert Sutton |Jeffrey Horwitz
The Corporate Transparency Act (the "CTA") requires a
range of entities, primarily smaller, otherwise unregulated
companies, to file a report with the U.S. Department of the
Treasury's Financial Crimes Enforcement Network
("FinCEN") identifying the entities' beneficial
owners—the persons who ultimately own or control the
company—and provide similar identifying information about the
persons who formed the entity.
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Nov 1, 2024 | 
jdsupra.com | Andrew Bettwy |Jeffrey Horwitz |Seetha Ramachandran
The Corporate Transparency Act (the “CTA”) requires a range of entities, primarily smaller, otherwise unregulated companies, to file a report with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) identifying the entities’ beneficial owners—the persons who ultimately own or control the company—and provide similar identifying information about the persons who formed the entity.
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Aug 6, 2024 | 
natlawreview.com | Andrew Bettwy
The UCC‑1 form is a staple of any secured lending practice. In the wake of the 2022 proposed Uniform Commercial Code (UCC) amendments, which have been adopted in 24 jurisdictions, many jurisdictions have updated their UCC‑1 form (UCC‑1) requirements. In order to avoid gaps in perfection, delays in priority and bankruptcy preference risk, secured lenders and their counsel must keep up to date on the current state of UCC‑1 form requirements in the various jurisdictions.
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Jul 16, 2024 | 
mondaq.com | Jeffrey Horwitz |Elanit Snow |Yuval Tal |Andrew Bettwy
On July 8, 2024, the U.S. Treasury Department's Financial
Crimes Enforcement Network ("FinCEN") released additional
FAQs1 with respect to the beneficial ownership reporting
requirements of dissolved entities. The Corporate Transparency Act
requires reporting companies to report to FinCEN information about
their beneficial owners and company applicants (a "BOI
Report") and is intended to help prevent and combat money
laundering, terrorist financing, tax fraud and other illicit
activity.
