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CTA Update: BOI Reporting Requirements Reinstated
On December 23, 2024, the US Court of Appeals for the Fifth Circuit issued an order in Texas Top Cop Shop Inc. v. Garland, granting the government's emergency motion for a stay pending appeal of the preliminary injunction that had paused enforcement of the Corporate Transparency Act (CTA). This order effectively reinstates the CTA's requirements, including the Beneficial Ownership Information (BOI) reporting requirements for many US entities.
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Han Kun Legal Updates on the Corporate Transparency Act (CTA)
On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc. et al. v. Garland, temporarily halting the enforcement of the Corporate Transparency Act (CTA) and its implementing regulations. This development has significant implications for reporting companies required to file Beneficial Ownership Information (BOI) reports under the CTA. Below is an analysis of the key aspects of this ruling and its implications.
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Judicial Disposal of Crypto Currencies in China: Legislation, Challenges, Risks and Way Out
Crypto currencies (also known as crypto assets) have seen rapid development since Bitcoin's emergence during the financial crisis in 2008. Due to their anonymity and privacy, crypto currencies are widely used for illegal and criminal activities and serve as a tool to evade judicial accountability. In response to the increasingly frequent criminal cases involving crypto currency, Chinese governments grapple with the complexities of judicial disposal at both policy and practice levels. This article reviews current crypto currencies legislation, analyzes the challenges and legal risks in its judicial disposal, and proposes measures for more effective regulation.
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Han Kun
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