In a crisis situation, targeted communication is crucial, especially with banks and credit insurers. The most important thing in these discussions is to coordinate the group of financial backers, find the balance among interests that are often not aligned, and develop creative solutions where needed. It’s important to have a detailed understanding of outside financiers’ viewpoints – which are conditioned by collateral, risk reduction, equal treatment and formal requirements – and to find viable solutions in that setting.
To gain an adequate time window for an appropriate analysis and to stabilize backers, our first priority is to ensure the company’s near-term ability to meet payments. We support that with such aspects as operating cash management and even balance-sheet changes and corporate actions.
Transfer pricing: Significant tightening for financial transactions and services
On 22 March 2024, the German Federal Council approved the Mediation Committee's compromise proposal on the Growth Opportunities Act. As a replacement for the originally in dplanned interest rate cap, which was removed from the draft bill, new regulations for cross-border financial transactions and services will therefore be introduced from the 2024 tax period (Section 1 (3d) and (3e) Foreign Transactions Tax Act (AStG)). ...read more
