Global | Publication | October 4, 2018
On October 2nd, 2018 the National Hydrocarbons Agency (ANH) published Addendum No. 3 to the Terms of Reference (TOR) of the so-called Permanent Competitive Procedure – 2018. Addendum No. 3 orders the temporary suspension of the permanent competitive procedure, including the postulation of areas made to date under Section 3.3 of the Terms of Reference. To see our prior bulletin on the TOR, click here, and to see our bulletin on Addendums Numbers 1 and 2 of the TOR, click here.
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The US Supreme Court has ruled that a “pure omission” under Item 303 of Securities and Exchange Commission Regulation S–K cannot give rise to a private action for securities fraud under Section 10(b) and Rule 10b-5(b) of the Securities Exchange Act of 1934.
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