Acquisition and structuring under the new German Reorganization (Tax) Act
Article Abstract:
The German Reorganization Act 1995 consolidates the law on various forms of corporate reorganization into one act dividing such reorganizations into various legal entities. The law amends reorganization law in three ways, by treating the transfer of assets and liabilities upon reorganization as one legal succession; by no longer calling a change of corporate form from a limited liability company or stock corporation to a commercial partnership as a change of legal identity, and by treating the splitting-up of companies as a new legal structure for reorganization. These changes eliminate many civil and company law problems of reorganization. The German Reorganization Tax Act 1995 eliminates many of the former tax impediments of reorganization.
Publication Name: The International Tax Journal
Subject: Business, international
ISSN: 0097-7314
Year: 1997
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New rules for an old game: banks are changing the way they lend
Article Abstract:
Banks are changing the way they lend to commercial customers by undertaking quantified risk assessments before lending and charging variable interest rates dependent on such risks. The lending manager also has less scope with more emphasis on central policy. This will lead to more uniform lending decisions, smoother communications between authorities and banks, although banking relationships will be less personal an higher interest rates will be chraged on risky businesses. Companies should acquire a better knowledge of their own risk, be prepared for change and consider maintaining relationships with two ore more banks, or a small specialist bank.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1996
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Playing by the rules
Article Abstract:
Small and large businesses will be expected to comply with new corporate governance regulations drawn up by several committees and fully backed by the London Stock Exchange. Many firms already operate under a code which is almost identical to the one suggested by the Institute of Chartered Accountants, and the new regulations will be in place from December 1999. The regulations cover various elements of organisational control from risk assessment to management techniques.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 2000
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