Backdating mail


28-Jun-2020 09:58

backdating mail-82

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Such relation back or forward contravenes no principle of law and is determined by the intent of the parties as deduced from the instrument itself.” As a practical matter, the proper date to put on an agreement is something that corporate counsel is likely to have to make a judgment call on quite often.This is because documents take time to draft, negotiate and execute.

The Mossack Fonseca files show, according to ICIJ, that the firm’s backdating was so common that a 2007 email exchange between employees proposes establishing a pricing structure — clients would pay .75 for each month farther back in time that a corporate document would be backdated.That’s because of the stock option backdating scandals and based on rules and standards that consider backdated documents less reliable supporting evidence for financial statement numbers or evidence for an audit.



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