Norwegian oil company subjected to US law?
May 23, 2011 5:38 AM Subscribe
In 2006, Norwegian petroleum company Statoil was ordered by a US court to pay $21M in fines for breaking the Foreign Corrupt Practices Act when paying bribes to an Iranian public servant. While Statoil's primary listing is with the Oslo stock exchange, it is also listed with the NYSE. To what extent is Statoil's activities outside of the US subjected to US law?