Publication
“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Global | Publication | January 2018
International Financial Reporting Standard 16 is a new accounting standard for leases which will have a major impact on the balance sheets of companies with leased assets. The standard is global in application and applies from 1 January 2019, but its implications are such that it should be considered well ahead of that date.
With some limited exceptions, the new standard requires that all leases are recorded on a tenant’s balance sheet as a “right-of-use” asset and a lease liability. These include leases of commercial property previously accounted for off-balance sheet - in future the rent due for the entire lease term will appear as a balance sheet liability.This could result in a significant increase in on-balance sheet liabilities which, in turn, may affect compliance with financial covenants and undertakings in facility agreements and other finance documents.
Although primarily an accounting issue, IFRS 16 may impact upon the structure of lease transactions. For example the changes may result in tenants seeking to limit the impact on their balance sheet by pushing for shorter leases.
For further information please contact Sian Skerratt-Williams or your usual contact at Norton Rose Fulbright.
Publication
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Publication
In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
Publication
We have had a new pension tax regime since April 6, 2024. The underlying legislation is convoluted and almost impossible for a lay person to follow, so you would be forgiven for thinking there was a lot to study. At the very granular level that is true, and your scheme administrators will have a lot of detailed changes to make to systems. However if you zoom out a bit, in many ways life hasn’t changed. We’ve done the poring over densely amended tax legislation for you. Here are the highlights: five things to know and three things to do.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023