The loan arrangers

Article Abstract:

A different accounting method should be applied to government lending. Banks lend money to earn a profit. Governments do so to meet policy objectives and financial gain is often secondary. As a result, government loans have terms that differ from loans issued by private financial institutions. Therefore, a different accounting procedure should also apply. The Public Sector Accounting and Auditing Comittee is currently developing an accounting system that will address the special nature and terms of government loans.

Trusts, not elsewhere classified, Methods, Accounting and auditing, Auditing, Government lending

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In succession

Article Abstract:

Two court rulings on insolvency cases in Canada affirms that trustees cannot be held personally liable as 'successor employers.' The court rulings contradict common practice where trustees cannot be held personally liable for they do not meet successor criteria. The court rulings however, state that only unionized employees can sue trustees as successor employers as they take on the business after an employer's death.

Commercial Banking, DEPOSITORY INSTITUTIONS, Trustee Savings Banks, Cases, Employers, Labor law, Trusts and trustees, Trustees, Trusts (Law), Bankruptcy, Labour law, Trustee savings bank

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Court-appointed conflicts

Article Abstract:

Creditor and court-appointed receivers may held liable for damages against companies placed into receivership. In addition, improprieties may occur if the appointing creditor's lawyers serve as counsel for the proceedings because of potential conflicts of interest. Moreover, trustees must carefully consider whether to retain independent counsels.

Canada

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