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.

16-07-2024

The crime of Ecocide is one of the major new features of the revised Belgian Criminal code. It is a strong signal, reflecting the Belgian legislator's concern for the environment.

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.

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.

How we can help

Pragmatic Solutions

When working with us, you will have access to a vast, experienced team of experts. They will support you with any query, from preparing to go public, to implementing anti-takeover measures or looking for strategic cooperations, to establishing corporate governance policies and beyond.

Full-Service Tax and Legal Support

As our client, you can rely on our team for full-service support on any tax or legal topic related to equity capital market transactions. Benefit from our specialised expertise, ranging from IPOs, secondary offerings, private placements and block trades; to right offerings, convertible bond issuances, share buy-back programmes, public M&A transactions and of course, ongoing obligations.

An International Network of Expertise

Whether your company is trading in one of our home markets (the Netherlands, Belgium, Luxembourg, or Switzerland) or elsewhere, you can always rely on our team to provide in-depth insights into local equity market conditions. Benefit from our extensive network of colleagues across all our offices and contacts at top law firms in the US, UK, APAC and elsewhere.

The world of capital markets is characterised by rapid change, increased regulation and innovation.
The need to raise funds for growth is essential for most companies and financial institutions.
As an international organisation, you face many challenges, from ever-changing regulations to complex cross-border transactions and beyond.