Selected update
Updated: 10/2015 Parameter update history
| Effectiveness: | |
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| Progression: | |
| The law proposal is in the Lower Chamber |
The proposal of Act on public procurement, which is in the Lower Chamber of the Parliament, nor the proposal of law amending the Act on public registers in conjunction with the proposal of law amending the Act against money laundering, which are in the Government, do not deal with the issue of disclosure of ownership structures of companies to the state. However, since the proposal of law amending the Act on public registers foresees the disclosure of ultimate beneficial owners, it will have to resolve the issue of disclosure of the related ownership structures; otherwise it will not be possible to prove that the declared ultimate beneficial owners are indeed the real ultimate beneficial owners.
Compared to current state
Updated: 10/2016 Parameter update history
| Effectiveness: | |
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| Progression: | |
| The law is in force |
The Act on public procurement, which entered into force, foresees an identification of ultimate beneficial owners of the selected contractor which is a legal person. Nevertheless, it does not prescribe the way in which the indirect interests in the company, i.e. the corporate ownership structure, linking those beneficial owners to the contracting legal person, should be disclosed. This issue is neither resolved in the section on the register of beneficial owners contained in the amendment of the Act on anti-money laundering, or respectively, which is in the Lower Chamber of the Parliament.