  The Conformal Einstein equations and the representation of spatial infinity
as a cylinder introduced by Friedrich are used to analyse the behaviour of the
gravitational field near null and spatial infinity for the development of data
which are asymptotically Euclidean, conformally flat and time asymmetric. Our
analysis allows for initial data whose second fundamental form is more general
than the one given by the standard Bowen-York Ansatz. The Conformal Einstein
equations imply upon evaluation on the cylinder at spatial infinity a hierarchy
of transport equations which can be used to calculate in a recursive way
asymptotic expansions for the gravitational field. It is found that the the
solutions to these transport equations develop logarithmic divergences at
certain critical sets where null infinity meets spatial infinity. Associated to
these, there is a series of quantities expressible in terms of the initial data
(obstructions), which if zero, preclude the appearance of some of the
logarithmic divergences. The obstructions are, in general, time asymmetric.
That is, the obstructions at the intersection of future null infinity with
spatial infinity are different, and do not generically imply those obtained at
the intersection of past null infinity with spatial infinity. The latter allows
for the possibility of having spacetimes where future and past null infinity
have different degrees of smoothness. Finally, it is shown that if both sets of
obstructions vanish up to a certain order, then the initial data has to be
asymptotically Schwarzschildean to some degree.
