Skip to content
Friday, Jul 1, 2022
txapeldunegarri txapeldunegarri

Buy Law Now

July 1, 2022

Selling Your Product Overseas: The Business Basics

July 1, 2022

Proposed legislation will aim to close legal gap after several Minnesota families lose savings to pool contractor

June 30, 2022

Manufacturing in China: Minimizing Your Risks by Doing Things Right

Primary Menu
  • Government Jobs
  • Law Enforcement
  • Legal Aid Society
  • Law Firm
  • Legal Aid
  • Legal News
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • At Behest of SEC, Companies Disclose Effects of Russia-Ukraine War on Businesses
Legal Aid Society

At Behest of SEC, Companies Disclose Effects of Russia-Ukraine War on Businesses

May 23, 2022
Magenet Magenet
Read Time : 4 Minutes


When one of the world’s largest countries unilaterally invades a neighboring nation, predicting the impact on global businesses with any degree of certainty may seem impossible. Nevertheless, the Securities and Exchange Commission is asking companies under its jurisdiction for assessments of what Russia’s invasion of Ukraine might mean for their businesses. At the same time, companies are coming to terms with what the losses attributable to their operations in Russia may look like.

The SEC has taken steps recently to give publicly traded companies guidance on what disclosures related to their Russian operations should look like. Earlier this month, the SEC Division of Corporate Finance issued a sample comment letter illustrating what it wants to see in companies’ Russia-related disclosures.

Corp Fin’s sample letter covers a variety of topics ranging from the war’s effects on companies’ own operations in Russia to what the conflict could mean for their supply chains. Additionally, Corp Fin noted that some companies are experiencing heightened cybersecurity risks, given the region’s notorious reputation for hacking.

Related Posts:

  • Russia-Ukraine war: Lavrov ‘forced to cancel Serbia visit’ | Russia-Ukraine war News

Meanwhile, companies affected by the conflict are gaining visibility into what it means to their businesses. Their insights are starting to show up in filings with the SEC.

For example, Illinois-based CF Industries, which manufactures hydrogen and nitrogen products, delved into the fallout in a quarterly report issued earlier this month. In a section on market conditions and current developments, the company said the situation in Russia and Ukraine is disrupting global commodities markets. Furthermore, CF Industries pointed out that the dependence on Russia for natural gas across Europe had caused natural gas prices to fluctuate.

Importantly, CF Industries noted that because Russia has been the largest supplier of nitrogen fertilizer globally, the war with Ukraine has tightened the supply-demand balance in the market. “We expect that the recent geopolitical events, including any further government-imposed sanctions, will have an impact on the future supply-demand balance and future selling prices for our nitrogen fertilizer products, but the scope and duration of these impacts are unknown at the present time,” the company said in its 10-Q.

Yum Brands Inc., which owns the KFC, Pizza Hut and Taco Bell fast-food chains, said in its latest quarterly report that it has approximately $93 million in combined assets in Russia. In the management discussion and analysis section of the 10-Q, the company detailed its efforts to freeze its Russian operations following the invasion, including suspending operations at 70 KFC restaurants. Yum also included a note on its operating results from Russia in a special section of its operating results.

One of Yum’s chief competitors, McDonald’s Corp., also submitted a filing stemming from Russia’s war on Ukraine. McDonald’s went a step further – it disclosed last week that it would sell its Russian business and leave the Russian market altogether.

And that’s just a small sample of filings for the time being. More companies outside the fast-food and fertilizer sectors will undoubtedly come forward in the following months with details about how Russia’s unprovoked aggression is affecting their businesses.



Source link

Tagged in : J Law Baby J Law Basketball J Law Husband J Law Pregnant J Lawrence J Lawrence Bethel J Lawrence Hall J Lawson K Law 101 K Lawn K Lawn Care K Lawrence K Lawrence Artist K Lawson Wellington K Lawson Younger K Lawyers L Lawliet L Lawliet Age L Lawliet Birthday L Lawliet Fanart L Lawliet Gif L Lawliet Height L Lawliet Iq L Lawliet Real Name Law Jd Law Jobs Near Me Law Jokes Law Jolly Roger Law Journal Law Justia Law Kannada Movie Law Katana Law Kdrama Law Key Martin Law Kid And Luffy Law Kont Law Librarian Law Librarian Salary Law Library Law Library Hours Law Library Near Me Law Library Online Law License Law Logo Law Majors Law Making Process Law Meaning Law Motors Law Movies

Related Articles

May 8, 2022

Benefits of Positivity | 5 Ways to Shift Your Mindset

April 18, 2022

Norwich abuse victims forced back over legal aid cuts

May 3, 2022

Ukraine war: Russia resumes attack on Mariupol steel plant after evacuations, says Ukraine commander

Post navigation

Previous Previous post: Top company lawyers ask Congress to fix ‘stagnant’ federal legal aid budget
Next Next post: Help save the criminal justice system

Recent Posts

  • Selling Your Product Overseas: The Business Basics
  • Proposed legislation will aim to close legal gap after several Minnesota families lose savings to pool contractor
  • Michael Che of SNL Fame Beats Infringement Claim by TikTok Creator
  • Solicitors mull court walkouts over legal aid | News
  • US says fighter jet sale to Turkey ‘in the works’ — RT World News

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • December 2021
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • November 2018
  • January 2017

Categories

  • gadget
  • Government Jobs
  • Integrated Law
  • Law Enforcement
  • Law Firm
  • Legal Aid
  • Legal Aid Society
  • Legal News

Visit Now

abstract art
Intellifluence Trusted Blogger

BL

TL

txapeldunegarri.com Copyright All rights reserved Theme: News Base by Themematic
Monday May 23, 2022
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT