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Expert Analysis

Contracting With Inverted Corporations: The Latest Rules

Law360, New York (December 19, 2014, 10:33 AM EST) -- On Dec. 15, 2014, the Federal Acquisition Regulation Council announced two new rulemaking actions aimed at further tightening restrictions on the award of federal contracts to companies that have relocated overseas in inversion transactions. The two rules — one interim, one proposed — would reinforce the existing ban on contracting with so-called "inverted domestic corporations" (IDCs), while also imposing new, more onerous reporting obligations on government contractors concerning their IDC status....

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