Top City lawyers are this week pressing senior US regulators for exemptions on sweeping US anti-fraud laws – as it emerges that law firms have been left out of the UK Government’s attempts to limit the controversial Sarbanes-Oxley Act’s international reach.
As Legal Week went to press, a number of London-based firms, including Allen & Overy (A&O) and Linklaters, were preparing to deploy a video link to question senior Securities and Exchange Commission (SEC) officials on the Sarbanes-Oxley Act, which hands the US regulator the power to police law firms.
