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Borrowers at Ishikawa Bank, who increased their liabilities in order to buy the bank's shares, are now in more danger of going bust than they otherwise would have been.
But it became clear in the last week that bankruptcy might be needed to allow Chrysler to shed debt, close dealerships and rid itself of other liabilities, in order to make itself a more attractive partner for the Italian auto company.
In addition, the plan would institute a new tax on the biggest financial institutions, basing the fee on liabilities in order to discourage risky borrowing.
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"In this post-Enron environment," he said, "plaintiffs' lawyers are testing the outer limits of liability in order to cast as wide a net as possible".
Anxious to avoid the fate of Arthur Andersen, destroyed by the Enron scandal, Grant Thornton is trying to argue the principle of "local liability" in order to distance itself from its Italian operation.
"We settled this matter, without any admission of liability, in order to focus on our work.
Merck says it cannot yet reasonably estimate the amount of the Vioxx liability in order to take reserves.
It is shown that such a sequential process induces an interesting spillover effect for the plaintiff: the prospect of payment at the second period acts as carrot for the first period by inciting the lawyer to make effort in the liability stage in order to enjoy the reward in case of winning when damages are litigated.
Research other forms of personal liability insurance in order to protect your assets.
Tyler Winklevoss, CEO of Gemini, said "we didn't apply for a BitLicense because we wanted to build an exchange that both Main Street and Wall Street could use and trust, so we decided to obtain a limited liability trust company charter in order to do so".
For example, the US lobbied India to impose a cap on liability for nuclear accidents in order to protect American firms seeking to sell reactors to India.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com