Post-Gadhafi Libya Could Test EU Disclosure Rules

Law360, New York (October 31, 2011, 6:05 PM EDT) -- As oil and gas companies recommence activities in Libya, the country could serve as a test case for the implementation of proposed new European Union rules requiring energy, mining and forestry companies to disclose payments to foreign governments on a project-by-project basis, attorneys say.

The formation of a new government in Libya and the return of oil and gas industry majors following months of civil war could provide a valuable staging ground for the proposed rules, which are intended to increase government accountability in resource-rich countries, attorneys...
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