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For decades, they have bullied governments to release assets for sale that can then be leased back at high returns.
In a related matter, Mr. Scrushy is expected to file court papers asking a judge to release assets frozen this month after his indictment.
Vitaly Churkin, the Russian ambassador to the United Nations, said it was important not to rush to release assets before checks were in place to ensure that it was not squandered, lost or stolen.
One way to try to prevent heirs from wasting all your money too early is to put them on what is effectively an "allowance" by having the estate release assets in a trust through periodic installments over the years.
For large consortia, whilst it is desirable to incentivise individuals, it is also prudent to release assets only when it benefits the consortium.
Similar(55)
The bank couldn't legally release the assets without certifying that all taxes had been paid, which means contacting the executor and listing the assets on the estate tax return.
Widowed in 1985, Mrs. Mee pledged her life to the order at age 80, and she promised that she would eventually release her assets to the organization.
Earlier Thursday the United States, which had been pushing the committee to release the assets, had threatened to bypass the committee and submit a resolution to the full 15-member Security Council to achieve the same result.
Several legal issues remain to be solved before the United States can release the assets it froze in February, money and property of the Libyan government and the Qaddafi family.
Another recommendation urged the Clinton Administration to release Iraqi assets frozen at the time of the Gulf War, which total more than $1.5 billion, to help fund the provisional government.
Tata Steel has appointed PwC to advise it on the restructuring of its UK business, but even though the company is willing to release its assets for "nothing", investors could be put off by potential liabilities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com