| De belastingplichtige houdt indirect aandelen in een BV. De BV heeft een schuld aan de bank in verband waarmee de belastingplichtige zich tot een bedrag van € 150.000 borg heeft gesteld. Nadat de BV in 2010 failliet gaat, vormt de belastingplichtige een voorziening van € 150.000 in verband met de borgstelling. In 2011 betaalt de belastingplichtige uiteindelijk, tegen finale kwijting, € 30.000 aan de bank. Volgens de inspecteur valt € 120.000 van de gevormde voorziening belast vrij in 2011. |
Applicable law
EU requirement for national insolvency registers to be established in all Member States (Recast Insolvency Regulation 2015 ((EU) 2015/848))
Will Nevin Partner T +44 20 7466 2199 [email protected]
UK TIMELINE
Kevin Pullen Partner T +44 20 7466 2976 [email protected]
2017Q4 (Oct-Dec)
The European Commission has approved, under EU state aid rules, Germany’s plans to grant Air Berlin a temporary €150 million bridging loan. The measure will allow for the orderly winding-down of the insolvent airline without unduly distorting competition in the Single Market.
La Commissione europea ha approvato, in base alle regole comunitarie in materia di aiuti di Stato, il piano della Germania per concedere ad Air Berlin un prestito temporaneo di 150 milioni di euro. La misura permetterà una ristrutturazione ordinata della compagnia aerea insolvente senza distorcere indebitamente la concorrenza nel mercato unico.
BANKING
ECON votes to adopt draft report on proposed BRRD Insolvency Hierarchy Directive
The INSOL International Channel Islands Seminar took place on 13 September 2017 in Guernsey, where tensions rose high as jurisdictions battled it out for the crown of the "go-to" jurisdiction for cross border restructurings.
The Italian Government has been delegated to enact a comprehensive restatement of the whole set of rules of insolvency procedures, with specific innovative addresses regarding (to mention only the most important) the concordato preventivo procedure, venue rules, an out-of-court mediation alert process to timely address a risk of insolvency, new forms of security and a streamlined set of priorities among creditors
Introduction
Current Legislation Coordinator: Rosana Hallett Of counsel of GA_P No . 212017 Current Legislation No . 21 | 2017 2 © Gómez-Acebo & Pombo Abogados, 2017. All rights reserved Disclaimer: This digest is provided for general information purposes only and nothing expressed herein should be construed as legal advice or recommendation. Design and layout: José Á. Rodríguez and Ángela Brea • Translation and adaptation: John Woodger Contents I. Environment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The EU directive 2012/30/EU proposed in November 2016 (“Proposed Directive”) aims to avoid the adverse effects of insolvency on companies through a more flexible regime of restructuring.