The Challenge of
Restructuring and Conversion
A sustainable corporate success requires a high degree of flexibility and adaptability to the continously changing Business Environment. Companies can only prevail in the long run, if they actively consider the economic development and change in parameters and necessary modifications and adjusments are made. The past decisions in regard to the legal form and structure of the company must be continously questioned and Review in light of the changing environment.
In Addition to changes in the corporate Environment the occasions for restructuring can be diverse: these can be due to a contemplated acquisition or sale of a participation or Company (M&A), in advance to an IPO, due to tax optimisation in a group structure as well as in preliminary stage of the participation of a external investor.
Apart from corporate law aspects within the context of restructuring projects implications concerning taxation and accounting as well as financing are to be considered. Especially tax implications are to be considered and assessed in advance to a restructuring. For instance an uncoordinated restructuring can result in the partial or full loss of tax loss carryforwards or also in the disclosure of hidden reserves with corresponding tax obligations. In addition concerning restructuring projects typically Real Esate Transfer Tax (RETT) must be considered. In tax neutral restructuring projects Retention periods are to be upheld. To this Background corporate restructuring or Transformation represents a complex process, which requires a close and extensive coordination.
Our Services in the field of Restructuring and Conversion
» General Consulting Services in the field of Restructuring and Conversion
- Tax Advise and Structuring in relation to the choice of Legal Form, change in Legal Form and Restructuring
- Consultation relating to cross-border Restructuring and Transfer of Assets
- Identification of possible optimisation of Approaches and Structures
- Preparation of required Balance Sheets and Interim Balance Sheets
- Valuation due to Corporate Law and Tax Law
- Support in Tax Audits relating to Restructuring and Conversion
- Close coordination relating to Restructuring and Conversion with cooperation Partners and Banks
Our integrated Consulting Approach
Based on our long-standing experience in the field of restructuring and transformation we offer a comprehensive and integrated Consulting Approach to our Clients.
We advise our Clients in a comprehensive and integrated manner by considering legal, tax law, corporate law and accounting aspects. All of the aforementioned factors are considered when deciding the appropriate legal form, change in legal form or restructuring decisions in a corporate group environment.
Based on our integrated Consulting Approach we accompany our Clients in organizational and legal changes in all stages of the restructuring processes. Starting with an economic optimisation resulting in necessary restructuring steps and resulting in the required legal steps to realize the contemplated restructuring.
We closely work with a network of specialised lawyers in regard to the required legal steps.
Based on our expert knowledge and long-standing practical experienceder we closely assist our Clients in all relevant restructuring considerations.