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IFRS Breaking News - October 2015

Income Taxes – Accounting for uncertain tax positions Interpreting grey areas in tax law can be complex. New proposals issued by the IFRS Interpretations Committee seek to bring clarity to the accounting for income tax treatments that have yet to be ac ...

Resource Article - twallace@abiwor... - 01/29/2016 - 11:22 - 0 comments - 0 attachments

"And Finally" - High Court gives go-ahead for closure of the Orion Insurance insolvency

On 29 October, the English High Court sanctioned closure schemes of arrangement for The Orion Insurance Company PLC (now known as OIC Run-Off Limited) ("Orion") and The London and Overseas Insurance Company PLC (now known as the London and Over ...

Resource Article - twallace@abiwor... - 01/29/2016 - 10:57 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Update: Cape Town Convention extended to the Cayman Islands

we are pleased to announce that The Convention on International Interests in Mobile Equipment and the associated Protocol to the Convention on International Interests in Mobile Equipment on matters specific to aircraft equipment (collectively, the " ...

Resource Article - twallace@abiwor... - 01/29/2016 - 10:18 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Third Party Costs Orders: Service Out Judgment puts BVI Back in Business

On the 12 October 2015 the Court of Appeal delivered a judgment which undoubtedly clarified the law in the BVI on the service out of the jurisdiction of a non-party costs application, and which will be welcomed by BVI practitioners and their clients alik ...

Resource Article - twallace@abiwor... - 01/29/2016 - 10:08 - 0 comments - 0 attachments

Essential Pensions News - October 2015

Essential Pensions News covers the latest pensions developments each month in an “at a glance” format. More detail is available by following the link under each summary. VAT and pension schemes: HMRC announces extension of the transitional period until ...

Resource Article - twallace@abiwor... - 01/29/2016 - 09:56 - 0 comments - 0 attachments

Anti-money laundering update

In recent years the FCA has levied significant fines on banks for having weak anti-money laundering controls. Such fines have ranged from from £525,000 to £8.75m. In addition, in some cases the bank’s money laundering reporting officer has also been fine ...

Resource Article - abi_admin - 10/28/2015 - 10:17 - 0 comments - 0 attachments

Defined benefit scheme liability management exercises

Many sponsoring employers of defined benefit pension schemes are keen to limit their exposure to the volatility of their scheme’s liabilities and increasing funding deficits. It is open to these employers to carry out a number of liability management exe ...

Resource Article - abi_admin - 10/05/2015 - 10:01 - 0 comments - 0 attachments

Managing the Psychological Impact of Disruption

For organisations in any industry or sector, disruption can take all too many forms: A radical new technology or business model threatens to make an established entity irrelevant. A scandal puts a business in the media spotlight, driving away customers, ...

Resource Article - abi_admin - 12/15/2014 - 09:28 - 0 comments - 0 attachments

Use of derivatives by housing associations: model agreements published

On 1 October 2012, new "Policy rules on the use of derivatives by approved public housing institutions" issued by the Minister for Housing and the Central government Sector (the "Minister")entered into effect; these policy rules are d ...

Resource Article - twallace@abiwor... - 09/30/2013 - 11:15 - 0 comments - 1 attachment

CGSH Alert - FDIC and BoE SPOE Strategy

On December 10, 2012, the Federal Deposit Insurance Corporation (“FDIC”) and the Bank of England (“BoE”) released a joint paper entitled “Resolving Globally Active, Systemically Important, Financial Institutions” outlining a resolution strategy for globa ...

Resource Article - twallace@abiwor... - 09/18/2013 - 14:52 - 0 comments - 1 attachment

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