Backdating can involve assigning an event “to a date prior to that of actual occurrence” or dating a document “to reflect an event that occurred prior to execution.” The propriety of backdating, says law professor Jeffrey L.Kwall of Loyola University of Chicago’s law school, depends largely on which of the two actions has occurred.If you liked this article, then please subscribe to our You Tube Channel for Word Press video tutorials. The Mossack Fonseca law firm, at the center of the Panama Papers storm, says its document backdating for high net worth clients setting up offshore shells is not intended “to cover up or hide unlawful acts.” Backdating is back.Other fee structures and rule sets could be very different.Some clients do not allow Law Firms to back date a fee offer.
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The “Panama Papers”, published Sunday by a coordinated group of international media outlets, tell stories off offshore tax avoidance and potential official corruption based on thousands of internal documents from Panamanian law firm Mossack Fonseca.