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
Second Circuit’s reversal of controversial restructuring decision may boost confidence among distressed bond issuers.
USA, Banking, Capital Markets, Insolvency & Restructuring, Litigation, Latham & Watkins LLP, Higher Education Act 1965 (USA), Second Circuit