The rules will also affect the possibility of reverse solicitation.

The German Federal Court of Finance revealed its position on the tax treatment of carried interest from business-type fund structures in a judgement of 11 December 2018 (VIII R 11/16).

The Mediation Committee of the German Bundestag and Bundesrat has recently proposed important changes in German tax law.

On 21 May 2021, the German Bundestag (Federal Parliament) has approved the Bill on the Implementation of the European Anti-Tax Avoidance Directive...

On 11 May 2022, the German Federal Ministry of Finance (BMF) published its long-awaited circular on "the German income tax treatment of cryptocurrencies and other token".

With a recent decision (judgment of 29.6.2022, case no. IV ZR 110/21) the German Federal Court of Justice has clarified the requirements for the application of foreign law to a succession...

In our Client Information dated 28 June 2013 we provided information that negotiations on the German Act on the Adaption of Investment Fund Taxation in Connection with the AIFM Directive had temporarily halted.

The ECJ made the decision upon a request for a preliminary ruling referred to it by the Hooge Rad of the Netherlands ("Hooge Rad", order for reference dated 21 November 2013).

ESMA's advice focuses on loan origination and does not seem to cover AIFs which buy and restructure loans.

M&A COVID-19 Wire - Part 9

Yesterday, ESMA has published a discussion paper on key concepts of the AIFMD (the "Discussion Paper") and invited comments to specific questions raised.

With effect as of 2 August 2021, new rules will come into force, harmonising for the first time the pre-marketing of interests in undertakings for collective investments (UCIs) within the EU.

From March 10, 2021, the main parts of the European Sustainable Finance Disclosure Regulation ((EU) 2019/2088 – SFDR) will apply.

On 21 May 2019, the German Federal Ministry of Finance published its long-awaited circular on the German Investment Tax Act in the version effective from 1 January 2018 ...

Due to an amendment of the German foreign transactions tax act, new tax rules for foreign trusts and family foundations will come into force as of January 1, 2013.

Other than in their previous advice they now suggest that the U.S. is generally a country eligible for the passport subject to certain restrictions.

The German Federal Ministry of Economics and Technology ("BMWi") has presented plans to further tighten foreign investment review rules last week.

The so-called Act to Strengthen Germany as a Fund Jurisdiction added an exemption to the German VAT Act from VAT for management services rendered to "venture capital funds" (Wagniskapitalfonds) with effect from 1 July 2021.

We would like to provide you with a summary of the most important changes, in particular concerning Alternative Investment Fund Manager, resulting from the German act implementing the Amending Directive to the Fourth EU Anti-Money Laundering Directive.

We have summarized the most important changes in more detail below.