German Tax Reform Act 2018 A Speed Read on Tax Implications for Corporates with German Operations

On November 23, 2018, the German Federal Council (Bundesrat) approved the Tax Reform Act of 2018 (the "Tax Reform Act"; Gesetz zur Vermeidung von Umsatzsteuerausfllen beim Handel mit Waren im Internet und zur nderung weiterer steuerlicher Vorschriften), which was passed by the German Parliament (Bundestag) on November 8, 2018.

Filed under:
European Union, Germany, Insolvency & Restructuring, Litigation, Tax, Fried Frank Harris Shriver & Jacobson LLP, European Commission, US Congress, Court of Justice of the European Union, Federal Constitutional Court (Germany)
Authors:
Michael J. Alter , Robert Cassanos , Joseph E. Fox , Katrin Gaensler , Michelle Gold , Alan S. Kaden , Colin S. Kelly , Christopher Roman , Kenneth Rosenfeld , David I. Shapiro , Nick Thornton , Eli Weiss , Richard A. Wolfe
Location:
European Union, Germany
Firm:
Fried Frank Harris Shriver & Jacobson LLP
Navigating Discounted Debt Repurchases

As markets react to the Coronavirus Disease 2019 (COVID-19) pandemic, the trading prices of loans and notes have declined. In light of these developments, borrowers and their affiliates, including private equity sponsors, are considering whether to buy back outstanding debt at a discount. In analyzing the potential benefits and drawbacks of pursuing debt repurchases, borrowers and private equity sponsors should consider the following:

Outstanding Debt Documents

Filed under:
USA, Banking, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Fried Frank Harris Shriver & Jacobson LLP, Corporate governance, Private equity, Coronavirus
Authors:
Lee T. Barnum , Neil Caddy , Kathryn Cecil , Ryan L. Conley , Joseph E. Fox , Jons F Lehmann , Meredith L. Mackey , Hana Nah , J. Christian Nahr , Alexander J. Panisch , Carole J. Rosenberg , Ezra Schneck , Eli Weiss
Location:
USA
Firm:
Fried Frank Harris Shriver & Jacobson LLP