Investment funds play an important role in the Dutch economy. Find out more about the special features of fund structuring in the Netherlands. more…
Federal Fiscal Court clarifies open questions regarding distributions by a foreign family foundation
On 10 October 2019, the Federal Fiscal Court (“Bundesfinanzhof” – BFH) published the long awaited ruling of 3 July 2019 (BFH – II R 6/16) on the possible taxation of distributions by a foreign family foundation to German beneficiaries as a gift. more…
ESG compliance becomes law – New EU regulations on sustainability
In the private equity sector, too, more and more attention is being paid to the issues of sustainability and social responsibility. New EU regulations provide the legal framework. more…
Start-ups and CVC – Participation model with special features
Corporate venture capital (CVC) units have become an important factor for the financing of start-ups – not only in Germany, but also in Europe and around the world. . more…
Federal Ministry of Finance reacts to Wächtler decision of ECJ
German tax authorities do not grant a permanent and interest-free tax deferral when moving to Switzerland. more…
Private Equity and Family Offices – Friends or Foes?
More and more family businesses are using private equity as a source of capital or are acting as investors themselves through family offices. However, the interaction between private equity and family offices does not always run smoothly. more…
Insurance of tax risks in M&A transactions
In the context of company acquisitions, the contracting parties are exposed to extensive risks. In order to minimize the tax risks for the buyer, a company purchase agreement regularly contains guarantees and indemnities up to a certain maximum liability amount. In this context, insurance policies are also becoming increasingly popular for the buyer. more…
ECJ case law also applicable to interest rates
Update section 50d para. 3 EStG – The FG Köln has decided that section 50d para 3 EStG in the version of the Annual Tax Act 2007 is applicable, but must be restricted in the light of EU community law and the current ECJ case law. more…
Private Banking & Wealth Management 2020 – Recent developments in Germany
Learn more about the legal foundations of private banking and wealth management in Germany, for example concerning licences, anti-money laundering and financial crime prevention. . more…
Merger Control – Legal Framework in Germany
Overview of some of the key points of German merger control law and practice. German chapter to the Mondaq Comparative Guide on Merger Control. more…
Recent developments in Fund Secondaries – Interview with Immanuel Rubin
Private equity investors are increasingly using the secondary market to generate liquidity. At MUPET 2019, P+P Counsel Dr Stephan Schade spoke with Immanuel Rubin (Campbell Lutyens) about current market developments and challenges. . more…
Fund Secondaries 2019 – Managers drive the market
Market trends on the secondary market are one of the core topics of every MUPET. This year, the panel of experts led by Tarek Mardini and Dr Stephan Schade (both P+P) focused on the strong increase in GP-led transactions. more…
Tax neutral repayment of contributed equity by non-EU-corporations
In April 2019, the Federal Court of Finance confirmed the possibility of a tax-neutral repayment of contributed equity by corporations domiciled outside the EU. The final ruling is now available. more…
Succession and assets – Private client law in Germany
Tax, trusts and foundations, succession – Learn more about the recent developments in German legislation concerning private clients. . more…
European private equity – Thriving in a time of change
In economically and politically turbulent times, the European private equity market remains strong. At MUPET 2019, Michael Collins, CEO of Invest Europe, spoke about the success factors. more…