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US District Court Vacates the SEC’s Resource Extraction Payments Disclosure Rule



by Marc H. Folladori
Mayer Brown LLP - Houston Office

Michael L. Hermsen
Mayer Brown LLP - Chicago Office

Laura D. Richman
Mayer Brown LLP - Chicago Office

July 9, 2013

Previously published on July 8, 2013

On July 2, 2013, the United States District Court for the District of Columbia vacated Securities and Exchange Commission Rule 13q-1, which required certain companies to disclose payments made to governments in connection with the commercial development of oil, natural gas or minerals. This decision was rendered in American Petroleum Institute, et al. v. Securities and Exchange Commission and Oxfam America, Inc., Civil Action No. 12-1668.


 

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