Covington & Burling

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EU parliament committee votes to strengthen extractive industry disclosure rules

The EU Parliament’s Legal Affairs Committee voted recently to strengthen significantly the EU Commission’s proposed mandatory disclosure regime for payments to governments by certain businesses in the extractive industries and other sectors. The enhanced requirements would apply to companies with publicly traded securities in the EU, large EU-registered companies and certain financial services entities.

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265 Strand
London
WC2R 1BH
UK

Firmwide revenue 2011 ($m): 611
Global lawyers 2011: 781