One of the many problems with SOX is the extent to which it involves potential conflicts between US and foreign law. This particularly causes problems for foreign issuers that sell shares in the US. But it may also affect even US firms that do business in foreign countries, subject to different laws and mores.

I discuss a recent case on applying SOX's whistleblowing provisions abroad that should serve as a reminder that the problems with SOX are not all about small firms and 404.