Restructuring taxation

Businesses may have to face financially difficult times due to changing market environments, unexpected incidents with adverse economic effects or the terms of external financing. Neglecting proper tax planning in such situations may have crucial consequences for the affected business.

We support financially troubled businesses on their way to recovery advising them on the tax side of their debt workout including external and intra-group refinancings, debt cancellations, debt-equity swaps and recapitalizations, intra-group reorganizations and the preservation of tax attributes such as tax losses.

Where unavoidable or otherwise indicated, we assess the tax consequences of the liquidation of a business or a specific subsidiary in larger group.