What is an undertaking? The SRA glossary defines an undertaking as: “a statement, given orally or in writing, whether or not it includes the word “undertake” or “undertaking”, to someone who reasonably places reliance on it, that you or a third party will do something or cause something to be done, or refrain from doing [...]
As part of the Government's desire to improve transparency and stop foreign criminals using UK property to launder money, anonymous foreign owners of UK properties are now required to reveal their identities. The Register of Overseas Entities (ROE) (as implemented by The Economic Crime (Transparency and Enforcement) Act 2022 (the ECTEA) came into force on [...]
