With effect from 1 January 2020, the law introducing an obligation to report cross-border arrangements entered into force – with far-reaching consequences for PE and VC funds….
Latest News
Drastic tightening of Exit Tax planned16 January 2020On 10 December 2019, the Federal Ministry of Finance published the draft bill of the ATAD Implementation Act. …
Intercompany financing – Amendment of prior decisions of the German Federal Fiscal Court8 January 2020In three parallel decisions, the German Federal Fiscal Court presented its new opinion regarding the tax treatment of …
Private Funds
Managed Account in Private Equity – Experience from two perspectives22 January 2020The structure of an investment as a Managed Account offers many advantages compared to an investment fund with …
How Venture Debt works10 January 2020The search for investors and lenders is important for companies of all sizes – and unfortunately not always …
Anti-money laundering – Amendment of the German GwG brings important legal changes on 1 January 202016 December 2019With the implementation of the Fifth EU Anti-Money Laundering Directive, there will be a number of important legal …
M&A
Management participations – Direct versus virtual21 January 2020Current developments in the structuring of management participations are characterised by the high purchase prices in the seller’s …
Corporate Governance for listed and non-listed companies18 December 2019Corporate governance has long since ceased to be just an issue for listed companies, but is also relevant …
Start-ups and CVC – Participation model with special features26 November 2019Corporate venture capital (CVC) units have become an important factor for the financing of start-ups – not only …
Tax
The planned reform of the German CFC/PFIC rules and its impact on foreign investment funds according to InvStG9 January 2020On December 10, 2019, the Federal Ministry of Finance sent the long-awaited draft of a law on the …
Federal Fiscal Court clarifies open questions regarding distributions by a foreign family foundation5 December 2019On 10 October 2019, the Federal Fiscal Court (“Bundesfinanzhof” – BFH) published the long awaited ruling of 3 …
Insurance of tax risks in M&A transactions19 November 2019In the context of company acquisitions, the contracting parties are exposed to extensive risks. In order to minimize …
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