Lots of interesting posts today. My picks for corporate counsel:
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Read Bankruptcy and Financial Market Contracts from the ContractsProf Blog for an interesting discussion of how The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 affects "contracts that embody sophisticated financial transactions."
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Larry Ribstein of Ideoblog offers his take on California's recent attempt to tax LLC gross receipts without "apportion[ing] for receipts outside California." His post, California LLC gross receipts tax: jurisdictional competition strikes again, links to a California court decision that invalidated California's LLC tax levies.
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Didn't get a chance to attend the PLI "SEC Speaks" conference? No worries. Broc Romanek of TheCorporateCounsel.net blog has you covered. He's offering notes on the conference.
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Be sure to read Broc's post, Notes from PLI's "SEC Speaks", for his take on a Google "gaffe" that resulted in the inadvertent disclosure of some information in an analyst presentation.
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The ISS' Corporate Governance Blog post, Contested Election Reimbursement Proposal Clears SEC Hurdle, discusses a proposal by the American Federal of State, County and Municipal Employees that calls on American Express, Citigroup, and Bank of New York to allow dissident shareholders to "get reimbursed for running proxy contests even if they lose."
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