How the new lease accounting standard IFRS 16 affects financing transactions
By Lionel Shawe, Managing Partner at Allen and Overy and Lauren Tunstall, PSL at Allen & Overy On 13 January 2016, the International Accounting Standards Board (IASB) issued its new international lease accounting standards IFRS 16 Leases which removes the distinction between finance leases and operating leases for lessees with effect from 1 January 2019.…