Schlumberger Wins Staff Relief To File Definitive Proxy Statement

The staff of the Division of Corporation Finance confirmed Jan. 31 that Schlumberger Ltd., (SLB) an oilfield services company organized under Curacao law, may file a definitive proxy statement without first filing a preliminary proxy statement for shareholder proposals on certain matters subject to an annual stockholder vote under Curacao law that are not among the matters specifically set out in 1934 Securities Exchange Act Rule 14a-6(a) (Schlumberger Ltd., SEC No-Action Letter, avail. 1/31/14).

In a letter signed by Special Counsel Eloise Quarles, the staff added that foreign issuers organized under Curacao law “may rely on this ...