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Putin wants Russia to be left alone, unencumbered by liabilities and obligations.
A year later he filed for personal bankruptcy, with assets of $18.4m dwarfed by liabilities of $66.2m.
Dynegy's corporate structure is unusual in that its top-tier holding company has little debt, while the next corporation down the chain is weighed down by liabilities.
It is not as if those assets are not real, or that they are perfectly offset by liabilities also kept off the balance sheet.
Dynegy's corporate structure is unusual in that its top-tier holding company, which is the publicly traded entity, has little debt, while the next corporation down the chain is weighed down by liabilities, both in the form of directly incurred debt and guarantees for the debts of various operating subsidiaries.
Matching the timing of cash flows generated by assets and demanded by liabilities is one big motivation.
Similar(54)
The Massachusetts swimming ban, too, is driven by liability concerns.
Unfortunately, its application in the real world may be impeded by liability concerns.
Use of state PDMP databases by healthcare professionals is further hampered by liability concerns.
This time around the tobacco producers are under assault by liability lawyers.
Perhaps, we ought not to be too surprised by Nozick's chapter 4 presumption that in themselves rights are merely claims that are protected by liability rules.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com