Safety risk assessments are becoming a preferred regulatory tool around the world. Online safety laws in Australia, Ireland, the United Kingdom, and the United States will require a range of providers to evaluate the safety and user-generated content risks associated with their online services. While the specific assessment requirements vary across jurisdictions, the common thread is that providers will need to establish routine processes to assess, document, and mitigate safety risks.
The Corporate Transparency Act (CTA), designed to combat the use of shell companies for illicit purposes and increase ownership transparency in corporate structures, took effect on January 1, 2024. This update addresses how these CTA regulations will apply to corporate structures used in the mergers and acquisitions (M&A) transactions. In addition, in the M&A context, these regulations will mandate new processes for forming acquisition vehicles, additional filing requirements and considerations in due diligence, and changes to employment and operating agreements.