OGJ Newsletter

09/09/2013
GENERAL INTEREST — Quick Takes SEC to rework vacated foreign payment disclosure rule The US Securities and Exchange Commission won't appeal a July 2 federal court decision vacating a requirement that would have made publicly traded US oil and gas companies disclose payments made to foreign governments. "The court remanded the matter for further SEC proceedings, which the commission will undertake informed by the court's decision," a spokesman said. US oil and gas firms legally challenged the requirement outlined in the 2010 Dodd-Frank Financial Reform and Protection Act's Section 1504 because they believed it would give foreign competitors not subject to it an unfair competiti...
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