JD Supra

Use of Accounting Term of Art in Arbitration Provision of Asset Purchase Agreement Narrows its Scope in Favor of Bankruptcy Court Jurisdiction Over Post-Closing Dispute

The Delaware District Court affirmed the bankruptcy court’s decision that the combination of a narrow arbitration provision and the bankruptcy court’s reservation of jurisdiction warranted denial of a ...
JD Supra

The enforceability of a trust accounting clause’s failure-to-object provision (the non-judicial settlement of trustees’ accounts)

It is common for the accounting clause of an inter vivos trust instrument to contain a provision along the lines of the following: “The written approval of such an account by the person or persons ...
Accounting Today

Bloomberg Tax & Accounting enters income tax provision space

Bloomberg Industry Group has acquired Tax Prodigy’s software, which calculates income tax related elements of financial statements. The product will be folded into Bloomberg Tax & Accounting’s ...