Phantom partnerships expose private equity funds to unlimited pension liabilities of insolvent portfolio companies
As a result of misconception, during the
first tranche of the global financial crisis, world leaders came out on
the attack against OFCs, arguing that they are inherently bad and have
to be stopped in order to protect dwindling government tax revenue.
At age 19 there was no doubt in my mind that I did not want a career in criminal law. I chose the much more objective (and enjoyable) commercial law. So much for that!