U.S.-based multinational companies that have run into trouble trying to implement a provision of Sarbanes-Oxley that conflicts with French law are expected to get some guidance on the issue, according to securities experts.
That should be welcome news for some companies that—while attempting to comply with certain provisions of SOX—have run afoul foreign laws. That conflict “is putting some multinationals between a rock and a hard place,” notes Lance Myers, a partner at Holland & Knight. “You’re going to violate one law or the other. The question is, which one?”
