We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Loopholes Threaten Property Transparency Bill, Lawmakers Warn

Law360, London (May 20, 2019, 1:02 AM BST) -- Flaws in legislation designed to break the secrecy surrounding the foreign ownership of British property could "jeopardize its effectiveness," a parliamentary committee warned Monday, unless the government tables a series of reforms. 

The Joint Committee on the Draft Registration of Overseas Entities has been reviewing legislation proposed in July that will require foreign entities dealing in U.K. land to publicly register their beneficial ownership information — the details of who really owns and controls them — with Companies House.

The draft law is touted as being a much-needed tool to tackle money laundering and corruption in the U.K. property market. According to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS