On 7 August, the President of Nigeria 2020 signed into law the Companies and Allied Matters Act, 2020 (“CAMA 2020”) to replace the 1990 Act. This is the biggest overhaul of corporate governance legislation in 30 years.

On 31 July 2020, the Russian government  amended the Federal Law 115-FZ (by way of Federal Law No. 297 of 31 July 2020). These amendments provide more flexibility to Russian LLCs in the light of the current Covid-19 pandemic.

In accordance with the General Tax Law amendment, all types of legal entities incorporated under the law of Mongolia are obliged to report Ultimate Beneficial Owner (UBO) details by 1 January 2021.

Due to an increased focus on compliance with anti-money laundering laws, relevant Slovak entities may be required to adopt and implement internal directives.