ISIS fears continue to plague public companies

February 20, 2015

Practitioner Insights thumbnail 2(Editor’s Note: This post is an excerpt from an article appearing in Practitioner Insights on WestlawNext)

Recent filings show that public companies remain concerned about escalating conflicts in the Middle East involving the Islamic State of Iran and Syria (ISIS).

Several companies disclosed concerns in the fourth quarter of last year regarding the potentially adverse effects that ISIS-related conflicts could have on commerce in the Middle East. Ecopetrol SA, for example, disclosed in a Form 6-K filing last December that the conflict could harm crude oil prices in the region.

Concerns about increased threats from ISIS also continue to dominate mainstream news headlines. Most recently, after six months of defensive airstrikes, President Barack Obama asked Congress for the power of military action against ISIS.

Given the ongoing conflict, it is unsurprising that public companies’ risk factors continue to note concerns about ISIS-related effects on global commerce.

Israel-based Mobileye NV, for example, recently filed a registration statement for a secondary offering that warned that the Middle East “has seen the growth of the Islamic State and increased internal hostilities in Iraq.”

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