Search results
Results from the WOW.Com Content Network
Previously, the IAS 1 required that, for a liability to be classified as current, it must not have an "unconditional right" to be deferred for at least 12 months after the reporting date. The board removed this requirement, instead, the right to postpone the settlement must have substance and should exist at the reporting date. [2]
Rule 24(a) governs intervention of right. A potential party (called the applicant) has the right to intervene in a case either (1) when a federal statute explicitly confers upon the applicant an unconditional right to intervene or (2) when the applicant claims an interest relating to the property or transaction which is the subject of the ...
In law, set-off or netting is a legal technique applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. [1] [2] It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent, the result being that the gross claims of mutual debt produce a single net claim. [3]
In criminal procedure, an adjournment in contemplation of dismissal (ACD or ACOD) allows a court to defer the disposition of a defendant's case, with the potential that the defendant's charge will be dismissed if the defendant does not engage in additional criminal conduct or other acts prohibited by the court as a condition of the ACD.
The settlement, expected to be unveiled before the end of the year, would result in prosecutors seeking to dismiss criminal charges against McKinsey after a period of time as long as the company ...
An insurer that reserves its rights may recover reimbursement from its own policyholder certain sums spent for the costs of defense [8] and the costs of settlement. [9] A right that does not already exist may not be created by reserving it. [10] A valid reservation of rights does not require the policyholder’s consent. [11]
Labor unions sued the federal government Tuesday over President Donald Trump’s controversial “deferred resignation” program, saying the effort to nudge government workers out of their jobs ...
Judges have pumped the breaks on Trump's efforts to freeze spending, curtail birthright citizenship, reduce the federal workforce and more.