This week’s TGIF considers a recent Federal Court of Australia decision (Connelly (liquidator) v Papadopoulos, in the matter of TSK QLD Pty Ltd (in liq) [2024] FCA 888). In the case, it was determined that a restructuring adviser who engineered an asset-stripping scheme may be found liable for the full value of the loss arising out of the scheme.

Key Takeaways

. . . In such circumstances, sealing the indictment “would undermine the purpose of having a statute of limitations at all.”

Introduction

引言

在市场经济体系中，企业破产不仅是市场自然选择和资源优化配置的体现，也是法治化解决企业深层次矛盾、促进产业结构调整和新旧动能转换的重要途径。破产程序的实施，是一个涉及多方面法律问题的复杂过程，它涉及对债务人资产的评估与处置、以有限的偿债资源对各类债权按照顺位安排统一清偿、终止或维持债务人企业经营等一系列问题。这些法律问题的有效解决，是破产程序能否顺利进行的基础。破产实践中，破产涉税问题实际极其复杂，破产程序常因未充分考虑、预计破产涉税问题而导致债权人的合法权益遭受无端的损害，甚至可能对债务人、重整投资人等利益相关方产生不利影响，甚至埋下法律风险的隐患。

事实上，破产程序并不仅仅意味着处理资产和负债的问题，妥善处理破产涉税问题亦是破产程序的关键环节之一。本文将从破产和税务的双重视角，对企业破产程序中的税务问题进行综合分析。我们将探讨破产清算、和解与重整等不同程序中涉税事项的法律性质及其影响，并提供破产程序中税务处理的策略和建议，以期为相关利益方提供全面、深入的指导。

The Supreme Court’s landmark decision in Sequana¹leaves many unanswered questions, and finding a common thread between the four quite separate judgments has proved challenging for practitioners and directors alike. The recent decision in Hunt v.

Ever since unpaid taxes due to HMRC were “crammed down” pursuant to a restructuring plan that it voted against but did not actively oppose in Houst,¹ HMRC has challenged restructuring plans and asserted its interests more aggressively, causing the failure of restructuring plans inNasmyth

Die Anforderungen der Finanzverwaltung an die Steuerfreiheit von unternehmensbezogenen Sanierungen steigen in der Praxis.

In France, losses incurred by a company in a given fiscal year can be carried forward to offset profits in subsequent years, without time limit. The annual offset against future profits is limited to a maximum of €1 million, plus 50% of the portion of profit exceeding this threshold. Any unused balance is carried forward to the following year. It is also possible to opt to carry back losses against the previous year's profits, up to a maximum of €1 million.

Background

In Mergermarket’s 2023 Global & Regional M&A Rankings, Hamilton Locke ranked 6^th in Australia for the highest volume of M&A deals, with 69 deals valued at USD738 million. This is the firm’s highest Mergermarket ranking and a significant jump from 13^th place in 2022.

The Lindahl tax team summarises two items of good news in the sphere of tax that arise in the case of restructurings: the proposal by the Ministry of Finance concerning new rules on deductions for previous years’ losses and a ruling from the Supreme Administrative Court stating that refusing interest deductions for intra-group acquisitions of shares is contrary to EU law in some cases.

PROPOSAL FOR NEW RULES ON DEDUCTIONS FOR PREVIOUS YEARS’ LOSSES