Kenneth Rijock

Kenneth Rijock

Monday, December 26, 2016

GERMANY'S NEW DRAFT LAW ON DISCLOSURE OF SHELL COMPANIES

One of the positive developments to have arisen out of the Panama Papers/Mossack Fonseca scandal is the introduction, in Germany, of a proposed law which will require German nationals to disclose all shell companies that that they have a beneficial interest in. Know unofficially as the "Panama law," the legislation could be the start of a global trend.

Readers who wish to review the complete text of the draft law can access it here.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.