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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.