Private Law Theory

“The recent publication of the ‘Panama Papers’ has focused public attention on how elaborate corporate structures and offshore tax havens can be used by politicians, celebrities and other elites to conceal their beneficial ownership of companies, and obscure their assets. Conventional thinking suggests that trust in corporations and markets depend, in large part, on the existence of an accurate disclosure regime that provides transparency in the beneficial ownership and control structures of companies. Moreover, investor confidence in financial markets is dependent on the accurate and correct disclosure of the ultimate beneficial owner …” (more)

[Erik PM Vermeulen and Mark Fenwick, Business Law Blog, 5 June]

First posted 2016-06-05 11:11:20