Tax Exemption Offers Relief in the German Restructuring Market

German legislator finally introduces tax exemption for income resulting from debt waivers in restructuring scenarios with retroactive effect.

Filed under:
Germany, Insolvency & Restructuring, Tax, Latham & Watkins LLP, Tax exemption, Debtor, Waiver, Limited liability partnership
Authors:
Thomas Fox , Tobias Klass , Hendrik Hauke , Frank Grell , Jörn Kowalewski , Tim Nobereit
Location:
Germany
Firm:
Latham & Watkins LLP
Update: Upheaval in the German Restructuring Market: Need-to-Know Facts, Alternative Tools and New Draft Law

To date, a debt waiver has been frequently used as a tool to successfully restructure German-based companies in financial difficulties.

Filed under:
Germany, Insolvency & Restructuring, Litigation, Tax, Latham & Watkins LLP
Authors:
Frank Grell , Jörn Kowalewski , Hendrik Hauke , Tobias Klass , Thomas Fox
Location:
Germany
Firm:
Latham & Watkins LLP
Update: Upheaval in the German Restructuring Market: Need-to-Know Facts, Alternative Tools and New Draft Law

To date, a debt waiver has been frequently used as a tool to successfully restructure German-based companies in financial difficulties.

Filed under:
Germany, Insolvency & Restructuring, Litigation, Tax, Latham & Watkins LLP
Authors:
Frank Grell , Jörn Kowalewski , Hendrik Hauke , Tobias Klass , Thomas Fox
Location:
Germany
Firm:
Latham & Watkins LLP