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.

In Australia, a new simplified liquidation process was introduced on 1 January 2021. To summarise, the simplified liquidation is a streamlined creditors’ voluntary winding up for companies that have liabilities less than $1 million and it only applies when the event that triggers the start of the winding up occurs on or after 1 January 2021.