In many M&A share transactions, tax losses may represent significant hidden value. But that value depends particularly on two key questions: Can the tax losses survive the transaction and can the parties mutually agree on a business plan substantiating the future usage of the potentially surviving tax losses? Our article outlines how jurisdiction-specific rules — especially Germany’s strict change-in-ownership regime — affect the usability of tax losses post-closing, whether tax losses can provide a shelter for historic tax risks and why tax losses impact purchase price negotiations.

The EU is set to overhaul its customs regulations in 2028, with a key focus on modernising e-commerce.

Alvarez & Marsal, a leading global professional services firm, is delighted to announce the appointment of Dorian Gaertner as Managing Director to lead the Southeast Asia and Australia Digital and Technology Services (DTS) practice.

Survey conducted with leading voice in corporate Australia highlights opportunities for collaboration between government and corporate Australia to drive economic growth.