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Sarbanes-Oxley News & Developments
Whistle-blower Shield Stops at BorderCourt rules that some overseas workers are not protected by this provision of Sarbanes-Oxley.
> > The whistle-blower protections of the Sarbanes-Oxley Act do not extend to foreign workers employed by the overseas subsidiaries of U.S. companies, according to a court ruling reported by The National Law Journal.
"If the whistle-blower protection provision is given extraterritorial reach in a case like the present one, it would empower U.S. courts and [the Department of Labor] to delve into the employment relationship between foreign employers and their foreign employees," Judge Levin H. Campbell reportedly wrote on behalf of the First U.S. Circuit Court of Appeals. "We believe if Congress had intended that the whistle-blower provision would apply abroad to foreign entities, it would have said so."
Source: CFO
Published:2006-01-19
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