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…
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…
Federal Fiscal Court decides on right of taxation in the absence of DTA
In the international context, which state has the right to tax individual assets in the taxation of the income of co-entrepreneurships? This question was recently decided by the Federal Fiscal Court. more…
The Dutch way of private equity and venture capital fund structuring
Investment funds play an important role in the Dutch economy. Find out more about the special features of fund structuring in the Netherlands. more…