This morning Shareholder John Thies spoke before an international audience of attorneys at the Legus International Network of Law Firms Fall Meeting in Clearwater, Florida. He discussed the efforts in some US states to make changes in legal ethics rules that would conflict with the Model Rules of Professional Conduct and threaten the client interest.
Corporate Transparency Act
On January 1, 2021, the United States Congress enacted the Corporate Transparency Act (the “CTA” or “Act”) to take effect on January 1, 2024. This new law requires the disclosure of identifying information concerning beneficial owners of certain US corporations and...