Publication
US Supreme Court sidesteps discovery rule question and allows copyright owners to recover damages without time limit
The Copyright Act provides that a copyright owner must bring an infringement claim within three years of its accrual.
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
The Copyright Act provides that a copyright owner must bring an infringement claim within three years of its accrual.
Publication
On April 22, 2024, draft Securitisation (Amendment) Regulations 2024 were published. They amend the Securitisation Regulations 2024 (made on January 29, 2024) which form part of HM Treasury’s programme to deliver a Smarter Regulatory Framework for financial services.
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The Regulator has issued its DB Funding Statement, which is aimed primarily at schemes with valuation dates between September 22, 2023, and September 21, 2024, or “Tranche 19 schemes”. However, the statement is also relevant for schemes which have been significantly impacted by the “changes in market conditions” in recent years, and therefore need to review their investment strategy.
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