Registers of ultimate beneficial ownerships (UBO) are gaining momentum globally, with over 100 countries committed to implementing reforms to UBO regulations.
UBO disclosure and reporting requirements are important for businesses to be familiar with. For employers, understanding their own ownership structure and the transparency rules can mitigate compliance risks and also demonstrate commitment to ethical business conduct.
Author
Jonathan Yeo
BrowsingJonathan Yeo is a senior associate in Baker McKenzie's Transactional Group based in New York.
Jonathan joined Baker McKenzie in London as a trainee in 2012, spending time in the areas of employment, corporate and intellectual property, and has completed client secondments with a global technology company, a multinational consumer goods company and a worldwide entertainment group.
He qualified as a solicitor in England and Wales and as an associate into the Corporate Group in March 2014, with a focus on global corporate reorganizations and became a senior associate in 2019.
Jonathan participated on the Associate Transfer Programme within Baker McKenzie from 2019 to 2021 in the Firm's New York office and moved to the New York office in 2023.