Liability imposed by a court or by a statute in the absence of fault when harm results from activities or conditions that are extremely dangerous, unnatural, ultrahazardous, extraordinary, …

In general, for a liability to be recognized for tax purposes, it must (1) create or increase the basis of any of the partnership’s assets, (2) give rise to a tax deduction, or (3) give rise to an …

In such contracts, limitation of liability clauses have become ubiquitous—to the point that many software and IT firms refuse to sign a contract without one. Accordingly, the Division strongly …

What is Liability Management? Liability Management Exercises (“LMEs”) are transactions undertaken by a company to restructure the liabilities on its balance sheet

Liability management transactions are designed to achieve any or all of three primary goals: retiring debt; refinancing debt and/or modifying existing debt instruments

Companies that are considering a liability management transaction should carefully evaluate their position under Section 382 to ensure they have not undergone an ownership change.

An owner or possessor of livestock or other animals, except for dogs and cats, that intrude upon the land of another is subject to strict liability for physical harm caused by the intrusion.