The Legal Statement applies areas of insolvency law to digital assets, providing valuable guidance on the approach English courts will take.
United Kingdom, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Latham & Watkins LLP, Cryptocurrency, Insolvency, Financial Conduct Authority (UK)
The Legal Statement applies areas of insolvency law to digital assets, providing valuable guidance on the approach English courts will take.
United Kingdom, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Latham & Watkins LLP, Cryptocurrency, Insolvency, Financial Conduct Authority (UK)
German legislator finally introduces tax exemption for income resulting from debt waivers in restructuring scenarios with retroactive effect.
Germany, Insolvency & Restructuring, Tax, Latham & Watkins LLP, Tax exemption, Debtor, Waiver, Limited liability partnership
To date, a debt waiver has been frequently used as a tool to successfully restructure German-based companies in financial difficulties.