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The fact that they closed down premises and moved does not eliminate liability for their debts.
There are various complicated tax plans on the market that aim to reduce or eliminate liability to IHT.
Safe harbour laws, which reduce or eliminate liability if parties act in good faith, might have saved him from his current legal problems.
The PWS Court wrote that the release provision in issue there "releases Committee members and professionals who provided services after the petition date from certain liability for their work in the reorganization...it does not eliminate liability but rather limits it to willful misconduct or gross negligence". PWS, 228 F.3d at 235.
The Washington Legislature passed a comprehensive package of tort law changes that would curtail joint and several liability, eliminate liability to someone injured while committing a felony, permit payments of large awards to be spread out, put a cap on noneconomic damages and limit the individual liability of officers of school boards and hospital boards.
The reforms we're talking about here don't eliminate liability, they just place sensible limits on windfalls and double-dipping.
Similar(51)
While responsible business practices seem a reasonable requirement, the federal government is close to all but eliminating liability for the gun industry in deaths and injuries.
Still, Mr. Seligman said the combination of a 1994 Supreme Court decision eliminating liability for accountants and lawyers for "aiding and abetting" securities fraud, along with the 1995 act, provided powerful disincentives for policing potential problems.
So, high revenues, lower costs and eliminating liability, that's a wonderful recipe for enhanced profitability.
Indeed, we may spur progress by adopting simple but sound rules — like limiting or eliminating liability when robot makers provide certain warnings, mitigate certain risks and use the best available safety measures.
But bipartisan legislation in the 1990s and two major Supreme Court decisions on 1994 and 2008 have effectively eliminated liability for aiding and abetting securities fraud.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com