The Pöllath-partners Dr Andreas Rodin, Amos Veith, Dr Jens Steinmüller and Dr Sebastian Käpplinger take a look at current developments in German legislation on investment funds and outline the most important aspects of taxation and regulatory. more…
Corporate Financing by Issuing Crypto Token – How to Tax in Germany
Digital securities are finding their way into corporate financing. The new publication of the Institute for Finance and Taxes (ifst) explains which tax regulations apply. more…
BVK figures 2019 – German equity capital market sets new record
No trend reversal in sight: In 2019, the German market for equity capital once again grew considerably and even broke the previous record levels. more…
Venture Capital Funds – Current trends at a glance
Supervisory and tax law continue to determine the framework conditions for the launch and management of venture capital funds in Germany. more…
Further tightening of Germany’s rules for foreign investment
The German Federal Ministry of Economics and Technology (BMWi) has recently presented plans to further tighten foreign investment review rules. . more…
Legal Due Diligence – Gathering information under strict conditions
Prior to any acquisition, the potential buyer will carry out a detailed due diligence. But data protection sets limits. more…
Managed Account in Private Equity – Experience from two perspectives
The structure of an investment as a Managed Account offers many advantages compared to an investment fund with several investors. more…
Management participations – Direct versus virtual
Current developments in the structuring of management participations are characterised by the high purchase prices in the seller’s market and the new case law of the fiscal courts. An overview. more…
Drastic tightening of Exit Tax planned
On 10 December 2019, the Federal Ministry of Finance published the draft bill of the ATAD Implementation Act. With retroactive effect from 1 January 2020, it provides for a drastic tightening of the so-called exit tax. more…
Reporting obligations for cross-border arrangements – Implications for PE and VC funds
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. more…
How Venture Debt works
The search for investors and lenders is important for companies of all sizes – and unfortunately not always easy. Classic financing instruments are often unsuitable, especially for start-ups. Venture Debt can close this financing gap. more…
The planned reform of the German CFC/PFIC rules and its impact on foreign investment funds according to InvStG
On December 10, 2019, the Federal Ministry of Finance sent the long-awaited draft of a law on the implementation of the Anti-Tax Avoidance Directive to the associations for comments. more…
Intercompany financing – Amendment of prior decisions of the German Federal Fiscal Court
In three parallel decisions, the German Federal Fiscal Court presented its new opinion regarding the tax treatment of profit-reducing write-offs and partial value write-offs of cross-border receivables between group companies. more…
Corporate Governance for listed and non-listed companies
Corporate governance has long since ceased to be just an issue for listed companies, but is also relevant for companies in the hands of financial investors and family-run businesses. more…
Anti-money laundering – Amendment of the German GwG brings important legal changes on 1 January 2020
With the implementation of the Fifth EU Anti-Money Laundering Directive, there will be a number of important legal changes, especially for Alternative Investment Fund Manager, at the turn of the year. more…