November 22, 2010

Inside Business Law

Legislative and Regulatory Developments

The Dodd-Frank Act and other legislative initiatives have prompted significant committee activity. Here are some highlights:

FDIC and Failed-Bank Issues

Secured Creditors

As credit risk continues to be a hot business issue, consider the following scholarship on security interests:

  • For a discussion of the issues that arise in structuring, securing, and perfecting security interests for commercial loan transactions where a debtor, the collateral, or both are located outside the United States, check out an Annual Meeting CLE program sponsored by the UCC, International Business Law, and Project Finance Committees.

    Materials | Audio

  • For an overview of the emerging issue of bankruptcy courts invalidating savings clauses, check out the materials from the Business Bankruptcy Committee's fall meeting.

    Materials

Offerings and Share Classes

Accounting

For an overview of the implications of International Financial Reporting Standards for your clients' debt covenants, regulatory compliance, state corporate law, corporate governance, and litigation contingencies, check out the Annual Meeting CLE program sponsored by the Law and Accounting, Commercial Finance, Federal Regulation of Securities, and UCC Committees. [Materials | Audio] Related to this, you might consider reviewing the SEC Staff's recently issued first progress report on the work plan for the consideration of incorporating IFRS into U.S. issuers' financial reporting system.