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1 Chi. J. Int'l L. Online 1 (2021-2022)

handle is hein.journals/cojloinllw1 and id is 1 raw text is: Stag Hunt: Anti-Corruption Disclosures Concerning Natural Resources Aleydis Nissen* Abstract The United States Securities and Exchange Commission (SEC) issued the ru/es for Disclosure of Payments by Resource Extraction Issuers for the third time in March 2021. This was prescribed by Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (2010). These anti-corruption ru/es require resource extraction issuers listed on the U.S. stock exchanges to publicly report the type and total amounts ofpayments made for the commercial development of oil, naturalgas or minerals togovernments all over the world. This Article argues that the long process of the creation of these ru/es, while frustrating for SEC offiials and sta, can be conceptualized as a stag hunt involving other countries that host extraction companies on their stock exchanges. Aleydis Nissen is a postdoctoral researcher at Leiden Law School, Vrije Universiteit Brussel (sponsored by FWO Postdoc grant 74910) and Universit6 libre de Bruxelles (sponsored by F.R.S.-FNRS Charg6 de Recherche Fellowship grant FC 38129). Recently, she won the Andres Bello (.B. Scott) Prize in International Law of the Geneva-based Institut de Droit International for other research. She wants to thank Nicole Briones, Susan Cleary, Kathy Luo, Maria O'Keeffe, Amber Stewart, Leonie van Moorsel, and Kaylee Yocum for their comments and support. Any mistakes remain, of course, the sole responsibility of the author. 1

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