2022: Let’s de-SPAC!
2022: Let’s de-SPAC!
With an abundance of capital in global markets and limited opportunities to invest in, we saw a rise of ‘SPACs’ in Europe in 2021. Will 2022 become the year of de-SPAC transactions? And will de-SPAC transactions become a true alternative to a traditional IPO or private M&A? We dive into these questions in our new NOW-podcast episode “2022: Let’s de-SPAC!”.
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Topics

Environmental, Social & Governance (ESG)

Environmental, Social & Governance (ESG)

Sustainability is becoming an increasingly important factor in the decisions of investors, companies, consumers, shareholders and policy and law makers. The broadly supported awareness of Environmental, Social and Governance (ESG) objectives is reflected in many international voluntary standards as well as in an increasing number of European regulations.

ATAD2

ATAD2

The anti-hybrid mismatch rules of the EU Anti-Tax Avoidance Directive (ATAD 2) aim to prevent situations of a double deduction and a deduction without a corresponding inclusion of the income at the level of the recipient resulting from a hybrid mismatch. All EU Member States have implemented ATAD2 in their domestic laws as from 1 January 2019 (for Belgium) or as from 1 January 2020 and 1 January 2022 (for a.o. the Netherlands and Luxembourg).

It is noted that EU Member states can introduce rules that go beyond the minimum standards of the ATAD2 directive. An example of this is the introduction of the ATAD2 documentation requirement in the Netherlands. Following the Dutch ATAD2 documentation requirement, all Dutch taxpayers should have documentation available in their administration that shows the (non-)applicability of the ATAD2 rules.

Substance & Tax Law

Substance & Tax Law

In recent years tax authorities have placed more emphasis on combatting the use of abusive and aggressive tax structures by companies operating across borders, to ensure fair taxation. The EU and OECD have provided tax authorities with various instruments such as the Anti-Tax Avoidance Directive (ATAD) and the Multilateral Instrument. The judgements handed down by the CJEU on the Danish cases have also set an important precedent.

However, since entities with no minimal substance and economic activity are supposedly still used for improper tax purposes, the European Commission recently issued a new proposal (ATAD 3). It is highly recommended that taxpayers already assess the possible impact of the proposal and consider opportunities for strengthening their local footprint and/or restructuring.

08-12-2022

This article provides an update on rumoured developments for ATAD3 relevant for the fund management industry.

COVID-19

COVID-19

The implications of the COVID-19 pandemic reach across borders, industries, and legal disciplines. That is why Loyens & Loeff has set up dedicated expert teams - to offer you an integrated answer to all your legal and tax questions related to the coronavirus outbreak.

15-10-2021

Op 12 maart 2020 werd door het kabinet aangekondigd dat vanwege COVID-19 iedereen die daartoe in staat was de komende twee weken thuis moest werken.

Digital Economy

Digital Economy

Digital transformation is all about using the latest technology to improve your business model. Digital technology creates new business opportunities which in turn creates a whole new range of tax and legal challenges such as contracting, data protection, privacy questions, intellectual property, consumer protection and competition issues.

The speed at which digital technology has become an integral part of our daily lives has overtaken most legislative processes. In recent years, the European Union, Member-States and international legislative bodies have therefore increased their regulatory efforts.

24-11-2023

The Markets in Crypto-Assets Regulation, aims to create a broad EU regulatory framework applicable to crypto-assets, and any persons engaged in the issuance, public offering and admission to trading of crypto-assets as well as the provision of relate

How we can help

Our integrated team of specialised lawyers advises clients on the full spectrum of equity, debt and hybrid securities within our home markets (the Netherlands, Belgium, Luxembourg and Switzerland). We also draw on our strong relationships with other leading law firms around the world for all other international matters which enables us to provide further effective global assistance. By combining transactional skills, tax knowledge and financial regulatory expertise, we are well placed to handle complex capital markets matters on your behalf so that you have the best resources to meet your business goals.

Please visit the related pages on the right, to find out how we can help you in the relevant area of expertise, 

The need to raise funds for growth is essential for most companies and financial institutions.
Ensure maximum benefits for your organisation and its investors with in-depth advice from our equity capital markets experts.
Our market-leading group advises on all aspects of regulatory compliance, disclosure and reporting obligations involving listed companies.
Our securitisation and structured finance team represents financial institutions, corporations and originators in a wide range of securitisation transactions

What others say

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"Very responsive and very knowledgeable about securitisations."
Chambers & Partners Europe (2022)
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