News & Analysis as of

Foreign Ownership Regulatory Requirements Beneficial Owner

Pillsbury Winthrop Shaw Pittman LLP

847 Awaiting Takeoff: DCSA Issues Guidance on Expanded Scope of FOCI Assessments

Section 847, which will expand foreign ownership, control or influence requirements to non-classified contracts, is on track for implementation in 2026. Section 847 of the National Defense Authorization Act for FY 2020...more

Bilzin Sumberg

Enter the Fray: Florida Restricts Certain Foreign Ownership of Real Property

Bilzin Sumberg on

Lawsuit Against Florida Law Restricting Certain Foreign Ownership of Real Property Set for Hearing This Week, DOJ Supports but 12 States Oppose - On July 1, 2023, SB 264 (Chapter No. 2023-33, Laws of Florida) took effect....more

Latham & Watkins LLP

New Disclosure Requirements Imposed on Overseas Entities Holding UK Property

Latham & Watkins LLP on

A new Register of Overseas Entities, expected this summer, requires disclosure of beneficial owners. The UK government has introduced legislation1 in Parliament to pave the way for the launch of the new Register of...more

Proskauer Rose LLP

United Kingdom Legislates Against Opaque Overseas Ownership of Property

Proskauer Rose LLP on

With sanction regimes taking centre-stage in the global response to the Russian invasion of Ukraine, transparency of property ownership has accelerated to become a priority of the United Kingdom’s government. On 15 March...more

Hogan Lovells

Digital Battle in Russia: Russian Parliament will consider a Draft Law on Foreign Ownership Restrictions in Significant Internet /...

Hogan Lovells on

Russia is facing potential restrictions of foreign ownership in digital companies. This follows on similar restrictions over Russian mass media companies and online cinemas which took effect in 2016 and 2017, respectively....more

Hogan Lovells

Whose property is it anyway? Government publishes plans for beneficial ownership register

Hogan Lovells on

Draft legislation to implement the government’s proposals for a “beneficial ownership register” has finally been published and the government is seeking views on the detail. The Registration of Overseas Entities Bill follows...more

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