11. Limitation of Liability 11.1 Limitations on Indirect Damages.Except for (i) a party’s gross negligence or willful misconduct, (ii) your breach of Section 2 (Restrictions), (iii) either party’s breach of confidentiality, or (iv) our breach of Section 5, neither you nor OpenAI or our...
Chapter 6 Chapter 7 PwC | Doing Business In Malaysia 2023 Interest expenses Earning Stripping Rules (ESR) apply on interest expense (of more than RM500,000 in a basis period) in connection with or on any financial assistance obtained in cross-border controlled transactions (as defined). Under...
Singapore imposes withholding tax on certain categories of payments made to non-residents, including interest, royalties, rent for movable property, management fees and technical assistance fees. However, Singapore has an extensive network of avoidance of double-taxation treaties (DTT), which may provid...
and cash runway; and the future balance of cash, cash equivalents and short-term investments. Actual results may differ from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: our future success is depend...
Interest costs that cannot be deducted due to the above limitation can be carried forward indefinitely subject again to the same rule. Certain anti-abuse provisions restrict the possibility to carry forward interest costs in the case of a change of control. If an entity forms part of a Dutch...
Operating income of$27 millionincreased$31 millionversus operating loss of$4 millionin the same period in 2023, driven by higher revenue and lower operating expenses discussed above. Net loss was$128 million, versus a net loss of$8 millionin the same period in 2023. Increased operating...
Strong operational performance, reduction in interest, integration and restructuring costs and prudent working capital management. Opportunity to refinance debt and shift capital allocation to organic and inorganic opportunities. Paul Abbott, Am...
14 November 2023 Glencore plc (“Glencore”) announces that it has entered into a binding agreement with Teck Resources Limited (“Teck”), for the acquisition of a 77% effective interest in the entirety of Teck’s steelmaking coal business, Elk Valley Resources (“EVR”), for US$6.93 bn ...
The gross income limitation is also factored into the Part II calculations. Only report expenses for the time you use your home for business purposes during the tax year. So, for example, if you start using part of your home for business on July 1, you can only deduct ...
A partnership limited by shares, however, has two categories of shareholders. General partners are vested with the management of the company and are jointly and severally liable without limitation for the company’s obligations. Limited partners are liable only for an amount equal to the capital to...