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Investors and G.M. managers have pushed for a VEBA as a way to move the liability of generous health care benefits for current and retired G.M. workers, as well as their families, off the books of the automaker once and for all, even if that required a huge upfront payment.
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So, as is often the case in industries ranging from automotive to tobacco, legal liability may move the needle more quickly than anything else.
If prices move the wrong way, as asset can turn into a liability, or a liability can become much larger.
Liability for disclosure would move the needle from "arms-length" to retrenchment.
"In this case, if the landlord is moving the tenant to avoid liability for breach of the warranty of habitability, it would be considered to be for the landlord's benefit, and the tenant would remain stabilized," he said.
The inter-firm relationship with parent firm may facilitate fast move and offset the "liability of foreigness".
He submitted the mayor's proposed changes to the State Legislature recently, including provisions to cap awards for pain and suffering at $250,000; move liability suits against the city from the State Supreme Court to the less politicized Court of Claims; and subtract a city employee's disability payments and other benefits from any awards or settlements.
The Satyam scandal bears only passing similarity to Enron, where top executives used a maze of special-purpose vehicles and related-party transactions to move liabilities off the company's balance sheet.
Once this is done, you will have completed the first of two sections of the balance sheet and can move on to the Liabilities and Owner's Equity section.
I am sure it will be back on the agenda". When the clubs voted against strict liability being introduced, Regan said they felt "it was drafted in such a way as to be too onerous; to move to strict liability from where we are now was quite a leap".
SFA chief executive Stewart Regan explained: "As far as the specific wording and the resolution is concerned, the clubs felt that it was drafted in such a way as to be too onerous; to move to strict liability from where we are now was quite a leap.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com