On 1 January 2021 an amended Business Corporation Act came into force. There are a number of changes under the new legislation that need to be highlighted.

Jersey’s recent changes to its annual return reporting regime brought with it significant implications to the Ultimate Beneficial Ownership (UBO) reporting process.

The Ministry of Finance in Poland has officially announced that the deadline to complete annual obligations has been prolonged by 3 months for private LLCs and JSCs.

Turkey introduced changes to the Turkish Commercial Code on the issuance of signature declaration / specimen required when incorporating a company or a commercial enterprise.