Auditors were afraid of inspections and new liability and started reversing their position on long standing issues.

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You don't say what type of investments you currently have but on sale of these investments you may have a liability to either income or capital gains tax depending on values and your overall tax position, so you need to consider that potential liability.

BBC: Fergus Muirhead

And if things do not work out and Chrysler slides into bankruptcy, Fiat has no liability exposure but would be in pole position to pick up the assets it needs to implement its North American strategy at fire-sale prices.

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In rejecting broader liability the court majority also rejected the position of lawyers for the federal government, who argued that the three units of mutual fund manager Janus Capital were so closely intertwined that they all should be subject to suit over alleged misstatements about mutual fund trading.

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The student should not be put in the position of absolving the university of all liability associated with this circumstance.

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Ask yourself: What trustee would want to be in the position of having agreed to a limitation of liability once a major financial loss attributable to the consultant has been discovered?

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Moreover, the doctor is being rewarded in the primaries for a position that looks, at the moment, a liability in the general election.

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The one downside is that the fund is fairly heavily weighted towards Spain with its position in Gamesa, which could potentially be a liability as the cash-strapped Spanish government is slashing renewable-energy subsidiaries.

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