Need for companies to take action by the end of the
year
Now that the transparency register has been in place in Germany
and Europe for several years and its reporting obligations have
been fully complied with in practice, a transparency register has
also been in place in the USA for several months.
An important reporting deadline now expires at the end of the
year:
Companies that were founded before January 1, 2024 only have
until January 1, 2025 to comply with their reporting
obligations.
Following the decision of a U.S. District Court in Texas (U.S.
District Court for the Eastern District of Texas) on preliminary
injunctive relief, enforcement of the Transparency Act is expected
to be stayed nationwide, but as a precautionary measure, we advise
compliance with the deadline, as the court's decision could be
overturned.
