Caitlin Long

3 weeks ago | mondaq.com | Kimberly Decker |Caitlin Long

Delaware has long been the principal forum for incorporation inthe United States due, in large part, to the extensive body of caselaw that has been developed over the course of decades. In the pastyear, however, some Delaware legislators believed that the Delawarecourts were "getting it wrong". A series of casesinvolving high profile companies that lost court battles withstockholders resulted in some of those companies (and others)leaving Delaware.

1 month ago | mondaq.com | Daniel Desmond |Charmaine E. Nyman |Anthony Austin |Caitlin Long

On March 2, 2025, the U.S. Department of the Treasury("Treasury" or "the Treasury Department")announced it will not enforce penalties against U.S. citizens anddomestic reporting companies for failure to file BeneficialOwnership Information Reports ("BOIRs") under existingregulatory deadlines and under forthcoming rule changes expectedpursuant to the Corporate Transparency Act (the "Act").

Jan 9, 2025 | mondaq.com | Daniel Desmond |Charmaine E. Nyman |Caitlin Long

On December 26, 2024, the United States Court of Appeals for theFifth Circuit reinstated the nationwide preliminary injunctionblocking enforcement of the Corporate Transparency Act (the“Act”). This decision comes just three days after anorder from a separate panel of judges from the same Court was issued to stay the preliminary injunction and whichhad, temporarily, reinstated compliance requirements under the Act.

Jan 9, 2025 | mondaq.com | Daniel Desmond |Charmaine E. Nyman |Caitlin Long

On December 26, 2024, the United States Court of Appeals for theFifth Circuit reinstated the nationwide preliminary injunctionblocking enforcement of the Corporate Transparency Act (the“Act”). This decision comes just three days after anorder from a separate panel of judges from the same Court was issued to stay the preliminary injunction and whichhad, temporarily, reinstated compliance requirements under the Act.

Oct 23, 2024 | mondaq.com | Daniel Desmond |Caitlin Long |Anthony Austin

On January 1, 2021, Congress enacted the Corporate Transparency Act ("CTA"), which mandates certain companies report information about their beneficial owners to the Financial Crimes Enforcement Network ("FinCEN") through Beneficial Ownership Reports ("BOIRs") beginning January 1, 2024 (the "Reporting Rule"). For a quick overview, you can read about the basics of the CTA here.