His thinking is that Liberty will not immediately undertake a Morris Trust transaction.
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The utility commission may wonder what "other breaches of trust are lurking in this transaction, " adds Scott Hempling, an independent utilities lawyer.
Hugh Evans, a founder of real estate firm Partners Trust, represented the seller in the transaction.
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Trust is the essential ingredient to any transaction, most importantly the exchanges between strangers that the collaborative economy relies upon.
Here a partnership and a trust interposed between the seller and buyer make the transaction supposedly tax deferred.
Matthew Hopkins, chief executive of Epsom and St Helier University Hospitals NHS Trust, added that the decision to halt the transaction "is not based on the ability of our staff, nor the quality of the services we provide".
He viewed our negotiation as a transaction, with no follow on connection or trust needed.
Speculators prefer their gold in the form of exchange-traded funds such as SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) rather than in bullion because of their low transaction costs, liquidity and the ability to margin their holdings.
Every consummated transaction that is not cash- or credit-based requires trust in the other party and in the security of the payment mechanism.
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To eliminate any conflicts of interests, Ellison's shares have been placed in a "lockbox" or voting trust, that will eliminate Ellison's voting control over company matters "other than a change of control transaction, dissolution, sale of substantially all of the Company's assets or liquidation" as long as Ellison remains an officer or director of Oracle, according to regulatory filings.
To eliminate any conflicts of interests, Ellison's shares have been placed in a "lockbox" or voting trust, that will eliminate Ellison's voting control over company matters "other than a change of control transaction, dissolution, sale of substantially all of the Company's assets or liquidation" as long as Ellison remains an officer or director of Oracle (nasdaq: ORCL - news - people ), according to regulatory filings.
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