Re: [Ianaplan] cwg legal review

Ted Hardie <ted.ietf@gmail.com> Mon, 18 May 2015 18:22 UTC

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Date: Mon, 18 May 2015 11:22:01 -0700
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From: Ted Hardie <ted.ietf@gmail.com>
To: Marc Blanchet <marc.blanchet@viagenie.ca>
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Subject: Re: [Ianaplan] cwg legal review
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Hi Marc,

Thanks for the pointers to these.  If I am reading these correctly, Sidley
Austin appears to strongly favor a Delaware LLC structure as more flexible
and less likely to cause tax headaches by requiring a separate
determination of tax-exempt status; further, they favor a single-member LLC
because that causes it to be a "disregarded entity" for tax purposes.
Separately, they favor an insider board because they believe an outsider
board would cause PTI to be sufficiently distinct that ICANN would  not be
responsible for PTI's actions or, thus, accountable for them.  As a result,
separate accountability methods are needed for PTIs board.

Does this match your/others' reading?

Ted

On Mon, May 18, 2015 at 8:44 AM, Marc Blanchet <marc.blanchet@viagenie.ca>
wrote:

> Hello,
>  FYI, there has been some legal review/commentary of the CWG proposal. You
> can find in the two memos dated May 13th in the following page:
> https://community.icann.org/display/gnsocwgdtstwrdshp/Client+Committee
>
> Regards, Marc.
>
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