9/9/14

UPCOMING EVENTS

Dues: We will be collecting dues every Tuesday from 1-3pm on the 3rd floor of the library (by the computers/printers). Dues are $30/yr and we can take cash or checks made out to “The University of Texas Law School Foundation.”

1Ls: If you are interested in getting more involved with the group we have committee openings as well as 1L rep positions. Please email your resume and a few sentences about what your interests are to txbusinesslaw@gmail.com and we will set you up with an appropriate position.

9/23 Associate Luncheon, 11:30-1:30 in the Sheffield Room. TBLS is bringing in associates and young attorneys from firms, in-house programs, and consulting firms to have lunch and casual conversation about transactional practice. Watch your email for RSVP information. (TBLS Members only)

9/26 Massey Prize for Research in Law, Innovation, and Capital Markets Symposium 8:45 a.m. – 5:30 p.m. UT Law School. Symposium is free to all students but requires registration.

10/5 IM Volleyball Starts – If you would like to participate in IM volleyball, please email your UT EID to txbusinesslaw@gmail.com

TERM OF THE WEEK

Confidentiality Agreement – An agreement made to protect confidential information if it has to be disclosed to another party. This often happens during negotiations for a larger contract, when the parties may need to divulge information about their operations to each other. In this situation, the confidentiality agreement forms a binding contract not to pass on that information whether or not the actual contract is ever signed. Also known as a non-disclosure agreement.

5 THINGS TO KNOW THIS WEEK

1. Pension Funds Sue Stock Exchanges Over High-Frequency Trading
Three big law firms have joined forces to pursue legal action against major U.S. stock exchanges, claiming the exchanges handed unfair advantages to high-frequency traders to the detriment of regular investors.

2.SEC Preps Mutual Fund Rules
The Securities and Exchange Commission is preparing new rules to boost oversight of mutual funds, hedge funds and other firms as part of an effort to gain insight into whether the $50 trillion asset-management industry poses risks to the financial system, according to people familiar with the discussions.

3. Bigger Fines Against Wall St. Should Not Result in More Lawyers
Ineffectual grumbling about legal costs has been a fixture of the corporate landscape for decades. But now those costs – legal fees, settlements and related investments in the hiring of additional lawyers – are gutting the profits of the world’s largest companies, especially the big banks.

4. Draft U.S. tax inversion plan would target earnings stripping
The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994.

5. Other MLPs To Gain As Cash May Exit Kinder – Morgan Stanley
What if you had a bunch of money invested in MLPs, and you were happy to keep it that way, but then a big chunk of that investment suddenly got turned into a non-MLP energy company? You might still like the company, but the investment structure is hugely different, and maybe you just want your MLPs back. Would you sell the energy company and reinvest in other MLPs? That’s more than a hypothetical question for investors in Kinder Morgan Inc (KMI), after its decision to roll up all its MLP assets into a single non-MLP corporate parent.

Posted in Weekly Updates.