Eine Insolvenz bleibt nicht ohne Folgen für eine steuerliche Organschaft.

Es existieren im Grundsatz zwei Formen der steuerlichen Organschaft: die körperschaft- und gewerbesteuerliche Organschaft, auch ertragsteuerliche Organschaft genannt, und die umsatzsteuerliche Organschaft. Gerät der Organträger oder eine Organgesellschaft in die Krise, kann dies erhebliche Auswirkungen auf den Bestand dieser Organschaften haben – insbesondere ab der Eröffnung eines Insolvenzverfahrens.

Gerät ein Unternehmen in die Krise oder gar in die Insolvenz stellen sich vielfältige Themen, auch steuerliche. Unsere neue Blogserie gibt den Überblick.

Unternehmen in der Krise haben häufig andere Sorgen als das Thema Steuern. Die steuerlichen Belange zu vernachlässigen kann aber sowohl vor wie auch in der Krise fatale Konsequenzen haben. Diese liegen im Steuerstrafrecht und in Haftungsrisiken – auch für die Beteiligten persönlich –, die wiederum den Sanierungserfolg torpedieren und selbst zur Existenzbedrohung werden können.

The economic fallout from the COVID-19 pandemic will leave in its wake a significant increase in commercial chapter 11 filings. Many of these cases will feature extensive litigation involving breach of contract claims, business interruption insurance disputes, and common law causes of action based on novel interpretations of long-standing legal doctrines such as force majeure.

The High Court decision in Re All Star Leisure (Group) Limited (2019), which confirmed the validity of an administration appointment by a qualified floating charge holder (QFCH) out of court hours by CE-Filing, will be welcomed.

The decision accepted that the rules did not currently provide for such an out of hours appointment to take place but it confirmed it was a defect capable of being cured and, perhaps more importantly, the court also stressed the need for an urgent review of the rules so that there is no doubt such an appointment could be made.

U.S. Bankruptcy Judge Dennis Montali recently ruled in the Chapter 11 case of Pacific Gas & Electric (“PG&E”) that the Federal Energy Regulatory Commission (“FERC”) has no jurisdiction to interfere with the ability of a bankrupt power utility company to reject power purchase agreements (“PPAs”).

In certain circumstances, if a claim is proven, the defendant will be able to offset monies that are due to it from the claimant - this is known as set off.

Here, we cover the basics of set off, including the different types of set off and key points you need to know.

What is set off?

Where the right of set off arises, it can act as a defence to part or the whole of a claim.

The Supreme Court this week resolved a long-standing open issue regarding the treatment of trademark license rights in bankruptcy proceedings. The Court ruled in favor of Mission Products, a licensee under a trademark license agreement that had been rejected in the chapter 11 case of Tempnology, the debtor-licensor, determining that the rejection constituted a breach of the agreement but did not rescind it.

In our update this month we take a look at some recent decisions that will be of interest to those involved in insolvency litigation. These include:

Few issues in bankruptcy create as much contention as disputes regarding the right of setoff. This was recently highlighted by a decision in the chapter 11 case of Orexigen Therapeutics in the District of Delaware.

Creditor not obliged to take steps in foreign proceedings to preserve security