The principle of transparency does not justify the interference with the rights of privacy and protection of personal data resulting from the general public’s access to UBO information
The Court of Justice of the European Union (CJEU) this week ruled that the provision under EU legislation which requires that beneficial ownership information on EU companies and other legal entities is generally and publicly accessible violates privacy and data protection rights and is therefore invalid. This represents a significantly change to the transparency of company information and may have an immediate impact on the related registers across the EU.
Continue reading “Public access to UBO registers across the EU ruled invalid”
Corporate Finance Lab 