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The distressed asset management business segment includes assets arising from acquisition of distressed debts and debt-to-equity swaps, and the provision of clearing settlements and fiduciary services.
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Most children and grandchildren who must forfeit part of an inheritance are from similarly middle-class families where assets arose from hard work and steady savings -- family values that shouldn't be penalized.
Financial assets arise from the desire to postpone consumption so that money can be saved, either for precautionary reasons or to invest so that more goods and services can be consumed in the future.Looked at in that way, financial assets are not "wealth" but a claim on real wealth.
Moreover, the certainty as to assets that arises from the legal process can settle the messiness that emotional attachments create.
Buyers may have to bear various types of transaction costs ranging from costs of coordination to hazard of hold-up2 arising from asset specificity or IP appropriability3 (Williamson 1979).
We also bring in investors with an appetite for the cash flows arising from the assets".
For now, the company has set aside $1.2 billion in assets to satisfy any claims arising from current or old policies.
A deferred tax asset is an accounting concept arising from differences in timing between book income and taxable income.
While the Federal Open Markets Committee's members were still worried about unemployment, "many participants also expressed some concerns about potential costs and risks arising from further asset purchases", according to the minutes.
Probably, Mr Khodorkovsky could, if fully investigated, be found to have committed misdeeds arising from the asset-grabbing privatisations that took place under Boris Yeltsin's presidency in the 1990s.
"Investors across Europe will now have the confidence to do much more to address the risks arising from high carbon assets and to seek opportunities linked to the low carbon transition already transforming the world's energy system and infrastructure," the group said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com