Friday, 22 January 2021 17:24 Law firms
An estimated 3 minute read.
Sumit P joins HSA Delhi in banking and finance
Independent advocate
Sumit P has joined
HSA Advocates as a partner in Delhi, following two partners in the firm’s regulatory practice having left the firm in the last two months.
HSA senior partner Apoorva Misra had left the firm late last year and has set up his own practice, and associate partner Aditya K Singh left in January and is also starting his independent practice.
Sumit P joins in banking & finance
New joiner Sumit P, who has been a lawyer for 16 years and a partner at Kochhar & Co between 2015 and 2016, specialises in banking and finance. He has been operating independently since leaving Kochhar in 2016.
Reminder: New California Employment Laws For 2021 - Employment and HR
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Have You Had Your Work & Play? - Employment and HR
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
CAS, TINA and Cost Allowability
Northrop Grumman Corp. ASBCA No. 61775 (Oct. 7,
2020)
Northrop froze a defined benefit pension plan, triggering a CAS
413 requirement to calculate the difference between the plan s
assets and liabilities.
The present value of liabilities exceeded assets by
approximately $98 million.
Based on overhead costs allocated to the government, Northrop
determined that the government owed $74 million and submitted a
claim for this amount.
The government objected to Northrop s interpretation of CAS
413-50(c)(12), which it argued did not require it to make up the
difference in the plan s future liabilities.
The ASBCA disagreed, finding that the goal of CAS 413-50(c)(12)