Sika acquires a stake of 30% in Concria Oy, a Finnish startup company specializing in highly innovative concrete floors. Concria has developed a new technology for concrete flooring, offering a wide range of advantages to contractors, architects, and property owners. Sika’s global network and complementary product portfolio will provide an attractive growth platform. Concria has developed an excellent technology that represents a novel approach to concrete floor installation and polishing. It includes special dry shake hardeners as well as a...

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We are writing to inform you of a new regulation under the federal Corporate Transparency Act (“CTA”) that, for the first time, will require disclosure of information about all corporations, limited liability companies and limited partnerships (unless exempt) and personal information about their beneficial owners as well as personal information about the persons who form those entities. This requirement is effective on January 1, 2024 for all such entities unless otherwise exempt by the regulation.  Cozen O’Connor can assist with the...

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The United Kingdom’s Online Safety Bill has recently received royal assent and become law as the Online Safety Act (OSA). What is the OSA? The OSA aims to regulate online content or activities that are deemed harmful to individuals, especially children. The OSA offers online users more control over online content, particularly by mandating firmer protections for children and directly placing legal responsibility on online services to prevent and remove harmful content. To whom does the OSA apply? In addition to online service...

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Under Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Congress expanded protections for whistleblowers reporting possible violations of federal securities laws to the Securities and Exchange Commission (SEC). Specifically, the statute established certain financial incentives and confidentiality guarantees for whistleblowers reporting potential violations of securities laws. In 2011, the SEC implemented rules (as subsequently amended) regarding the Dodd-Frank whistleblower program. Under SEC Rule 21F-17(a), no person may take an action to impede an individual from communicating directly...

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On 10 November 2023, the Luxembourg Constitutional Court concluded_ that §8(2) a) of the law on net wealth tax was contrary to the constitutional principle of equality. Pending legislative reform, the taxpayers concerned will be subject to the minimum net wealth tax of EUR 1,605 when their total balance sheet is between EUR 350,000 and EUR 2,000,000, instead of the minimum net wealth tax of EUR 4,815.   Background Luxembourg imposes net wealth tax (NWT) on Luxembourg companies based on their unitary value,...

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