Legal Exchange: Insights & Commentary

In Exxon’s Texas Move, Asset Manager Clout Eclipses Proxy Firms

Exxon Mobil Corp.’s shareholder meeting approving its move to Texas seemed to signal that the major asset managers have turned the page on progressive-leaning corporate activism. The same can’t be said for the proxy advisory firms that continue to lead many investment managers and pension funds astray, writes the University of Texas at Austin’s Michael Toth.

Texas Business Court Is a Powerhouse for Resolving Civil Disputes

The Texas Business Court reflects a recognition that a large and complex economy with a capital-intensive, technology-driven industry needs a forum designed for those cases, writes White & Case’s Sean Gorman.

Delaware Rulings Point to Governance Litigation’s Ideal Window

Two Delaware Supreme Court rulings this year clarify when stockholder challenges to governance decisions may appropriately be brought, Boies Schiller Flexner’s Renee Zaytsev writes.

Australia Inbound Distributor Update Is Mixed Bag for Taxpayers

The Australian Taxation Office’s changes to a transfer pricing practical compliance guideline introduce uncertainty by carving out some digital distributors while broadening the concept of an inbound distributor, Jones Day’s Niv Tadmore and Richard Keys say.

Taylor Swift’s ‘Bad Blood’ With AI Proves Sound Trademarks’ Rise

Taylor Swift’s application to trademark certain phrases underscores that sound marks can serve as part of a broader, layered enforcement strategy that complements state right-of-publicity claims, Reed Smith attorneys say.

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