Corporate Transparency Act Update: Nationwide Injunction Stayed; Deadlines Extended
By EsqSocial Corporation 27/12/24
On December 23, 2024, in response to an emergency motion by the US Department of Justice, the US Court of Appeals for the Fifth Circuit stayed the nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA) (31 U.S.C. ยง 5336) and the Beneficial Ownership Information Reporting Requirements final rule (Final Rule) promulgated thereunder (31 C.F.R. 1010.380), which was entered by the US District Court for the Eastern District of Texas on December 3, 2024, in Texas...
By: McDermott Will & Emery