On 9 October, Arendt & Medernach in Luxembourg published an article saying that the register of beneficial ownership (RBO) is accessible to the public. However, the EU Directives and the RBO Law provide that public access to a beneficial owner’s information can be temporarily restricted in ‘exceptional circumstances’, as detailed in the legislation. The Luxembourg District Court has asked the Court of Justice of the EU to give a preliminary ruling on the interpretation and scope of the concepts of ‘exceptional circumstances’ and ‘risk’ set out in the Directives and domestic law. The article says that the outcome of this proceeding will likely clarify which justifications may be used to request a temporary restriction on public access to a beneficial owner’s information in the RBO.
I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y
