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International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Singapore company discloses potential US sanctions violations
Author:
Global | Publication | July 2020
On May 28, 2020, Flex Ltd (Flex), a Singapore-based electronics manufacturer listed on the NASDAQ, disclosed in its 2020 US Securities and Exchange Commission (SEC) filing that it had initiated a voluntary self-disclosure to the US Office of Foreign Assets Control (OFAC) on February 14, 2019. The initial disclosure related to possible non-compliance with US sanctions by certain non-US companies affiliated with Flex. According to the SEC filing, an internal investigation is ongoing and Flex expects to complete the investigation and final disclosure to OFAC by the end of its second quarter of its fiscal year 2021.
We set out in our recent blog post some key messages, which may help you navigate complex issues of sanctions law.
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Hospitals on losing end of Medicare DSH dispute, Supreme Court rules
As the hospital industry eyes continued cuts to Medicare and Medicaid reimbursement, the US Supreme Court, this week, dealt another blow in its ruling in Advocate Christ Medical Center et al. v. Kennedy, Secretary of Health and Human Services, April 29, 2025.
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