News & Analysis as of

Commercial Leases IFRS

White & Case LLP

Sale and Triple Net Leasebacks: On the rise or doomed to the history books?

White & Case LLP on

On 1 January 2019, International Financial Reporting Standards 16 came into effect, which introduced a change in reporting requirements for operating leases (such as leaseback leases). But has this had the negative effect on...more

Bennett Jones LLP

Are You Ready? IFRS 16 and Your Contractual Arrangements

Bennett Jones LLP on

IFRS 16 Leases becomes effective for annual reporting periods beginning on, or after, January 1, 2019. Consequently, entities with a December 31 year end, who did not adopt the new standards early, will report financial...more

Opportune LLP

Tax Considerations for Energy Companies When Implementing New Lease Standards Under ASC 842

Opportune LLP on

On February 25, 2016, FASB issued its new lease accounting standard update (ASU) No. 2016-02, Leases, which codified ASC Topic 842 (Topic 842). Topic 842 is effective for calendar year-end public companies on January 1, 2019....more

Orrick - Finance 20/20

Report on Impact of IFRS 16 Leases on Financial Covenants in Loan Agreements

Orrick - Finance 20/20 on

On December 9, 2015, the European Financial Reporting Advisory Group (EFRAG) published a feedback report relating to a public survey undertaken by EFRAG and others in July 2015 aiming to understand the effects of the...more

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