Regulation, foreign exchange control, anti-money laundering – Learn more about the legal provisions in Germany surrounding private banking and wealth management. more…
Reorganisation Tax Act – Global Tax Neutrality of Mergers, Splits & Co. achieved?
The “Act to Modernise Corporate Income Tax Law” (Gesetz zur Modernisierung des Körperschaftsteuerrechts) is intended, among other things, to globalise transformation tax law, i.e. to extend it beyond the EU to certain transformations involving Non-EU/EEA countries. PE magazine author Dr Marco Ottenwälder took a closer look at what this means for practice. more…
Fund Jurisdiction Act – Will Germany become competitive as a fund location with regard to VAT on management fee?
The Fund Jurisdiction Act, which has been in force since 1 July 2021, intends to strengthen Germany’s attractiveness as a fund location. In addition to the tax incentives for employee share ownership, the law fortunately also tackles another issue where Germany as a fund location has been lagging behind for a long time: the value-added tax on management fee. more…
German Fiscal Code – Notification obligations and its effects on foreign shareholdings
Big Data also considered with the German tax administration? DAC 6, CRS & Co. not only increase the extent of tax data to be collected, but also the legal uncertainty about which data must be reported at all. PE Magazine author Dr Marco Ottenwälder provides an overview. more…
Study – European PE funds deliver higher returns than listed equities
A recent study by the industry association Invest Europe shows that private equity funds are robust even in times of crisis and deliver higher returns over the long term than listed equities. more…
Corporate Governance 2021 – Current trends in German law
This article contains a summary of the pertinent aspects of company law and corporate governance practices in Germany. more…
Fund Management 2021 – Recent developments in German law
Learn more about the pertinent aspects of regulatory law concerning fund management, fund managers and those marketing funds in Germany. more…
Fund Sales and Pre-Marketing as from 2 August 2021 – What to prepare for
As from 2 August 2021, new EU-wide uniform rules on pre-marketing will replace the so far inconsistent national approaches. more…
Study – PE-backed companies grow faster than average
A recent study by the industry association Invest Europe shows: Companies backed by private equity investors grow more than six times faster than the European average. The PE sector is thus making an important contribution to prosperity in the EU states, especially in view of the recovery after the Corona crisis. . more…
Transactions – German law at a glance
Learn more about the rules applicable in Germany for transaction formalities, debt financing, acquisition and exit, shareholders’ agreements as well as special topics such as cross-border transactions and club and group deals. more…
NFTs – New Hype, New Tax Risks?
Non-fungible tokens (NFTs) are the latest trend on the crypto asset market. But what gets investors excited still leaves many questions unanswered from a tax law perspective. more…
Sweet Equity – No justification for higher taxation
The German Supreme Tax Court (BFH) has again commented positively on the taxation of management participations and clarifies that “sweet equity” does not justify higher taxation, provided the shareholding is acquired at the market price. more…
Drastic Tightening of Exit Tax as of 1 January 2022
At the end of May, the German Bundestag passed the Act to Implement the European Anti-Tax Avoidance Directive (ATADUmsG). The tightening measures contained therein, which apply to all departures from 1 January 2022, may particularly affect medium-sized shareholders such as international entrepreneurial families and family businesses. more…
VC-funded start-ups – UK-study sheds light on socio-economic background of founders
Hardly any women, hardly any ethnic minorities, few socially disadvantaged people – A recent UK-study shows how much the financing success of young companies depends on the socio-economic background of their founders. more…
Fund Formation 2021 – German law at a glance
Learn more about the rules applicable in Germany for setting up private equity funds with a focus on the choice of vehicle, the formation process, regulation, licensing and registration, taxation, including relevant tax treaties, sales restrictions, listing considerations, participation in private equity transactions, and remuneration and profit-sharing issues. . more…