Our Transactional Intelligence Center is a one-stop shop for tools and content created for transaction lawyers. Discover how-to guides, books and treaties, transactional messages, our database of precedents of over 1.5 million documents, the complete EDGAR database and much more. Also test your draft contract with our draft draft market analyzer tool. To access the Transaction Intelligence Center via the Bloomberg Law menu, select Transactional Intelligence Center. Merrill Lynch admitted fouls to pay fees and agreed to pay a fine of $US 415 million. In addition, confidentiality agreements, policies and procedures have been significantly revised and a mandatory annual whistleblower training program has been put in place for all Merrill Lynch and Bank of America employees. The companies have also agreed to provide employees with an annual summary of their rights and protections under the SEC`s whistleblower program. As part of its compliance program, KBR has internally reviewed complaints about possible unlawful conduct by its employees.  When conducting interviews for the investigation, KBR would sometimes require witnesses to sign confidentiality agreements preventing them from transmitting to third parties the facts underlying the investigation, without the consent of KBR`s legal division. Any unauthorized disclosure may give rise, in accordance with the agreement, to disciplinary measures, including termination of the employment relationship. A similar prohibitive language has been included in the company`s Code of Business Conduct Investigation Procedures manual. The U.S. The Securities and Exchange Commission (SEC) has repeatedly found that confidentiality agreements designed to prevent or deter whistleblowers from reporting to the Commission are unenforceable.
This protection is based on SEC Rule 21F-17(a), which provides that kbr has agreed, among other things, to amend its standard forms confidentiality agreement to clarify that the agreement does not prevent individuals from reporting possible violations of federal law to government authorities or agencies. Lawyers representing whistleblowers before the SEC have observed a trend among employers who are trying to comply with Rule 240.21F-17(a) and, in some cases, circumvent it. These efforts take a number of forms in severance pay and arrangement agreements and may require employees: after several additional enforcement actions in relation to Rule 21F-17, many of which included equally aggressive values of 21F-17, OCIE issued a risk warning informing companies that they were subject to a review of the „compliance manuals, Codes of Ethics, Employment Contracts and Termination Agreements to determine whether the provisions of these documents relating to the confidentiality of information and the reporting of possible breaches of securities legislation may raise concerns under Rule 21F-17.  The Department of Space today (3 December 2020) entered into a confidentiality agreement (NDA) with M/s Agnikul Cosmos Pvt. Ltd, a Chennai-based start-up based at the National Centre for Combustion R&D, IITM, Chennai, which is building a small private satellite launcher. The agreement is the first of its kind signed by the ministry following the creation of IN-SPACE, the authorization and regulatory authority under DOS, which allows private actors to conduct space activities in India. . . .