Current BE-13 Forms Valid for Transactions Occurring Through December 31, 2016 Only

December 23, 2016

Mandatory BE-13 reporting changes are taking effect on January 1, 2017 for U.S. businesses that are 10% to 100% directly or indirectly foreign owned.  These changes apply to foreign owned U.S. businesses that are newly formed, make certain asset acquisitions, and engage in merger, acquisition or expansion activity.  Transactions that trigger BE-13 mandatory reporting obligations must be disclosed, together with the applicable required data, within 45 days of the triggering event.