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If an entity has an obligation to pay an unconfirmed amount to a customer from a legal claim, why do we treat and recognize this liability under IAS 37 rather than IFRS 9?
We have an obligation to deliver cash (although it is uncertain) and the party has a right to receive it. So why cant we measure this under the FV of IFRS 9?
It is because IFRS 9 states that it is outside it scope and so we use IAS 37.