PPF levy: remember to certify contingent assets
By Ian Greenstreet
The deadline for certifying or re-certifying contingent assets, in order to secure a PPF levy reduction, is 17:00 on 31 March 2014.
In a change in policy, a contingent asset can be re-certified even if it was not used for PPF purposes last year, as long as it has been certified in one of the previous five years.
If trustees are intending to use a group or parent company guarantee (type A contingent asset) then the certificate must state that ‘the certifier has no reason to believe that each certified guarantor, as at the date of the certificate, could not meet its full commitment under the contingent asset as certified’…
Click on the link below to read the rest of the Nabarro briefing.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
Non-Chinese contractors are regularly encountering contracts containing arbitration clauses providing for disputes to be determined by Chinese arbitration centres.
This note provides a short summary of the two formal insolvent liquidation processes.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem