25 November 2020
Tax Focus on Advanced Pricing Agreements in Italy
www.twobirds.com/en/news/articles/2020/italy/alert-tax-focus-apa

APAs are now well known to Italian companies belonging to multinational groups, which intended (or intend) to agree on the correct remuneration of intra-group transactions with the Revenue Agency, in order to avoid tax ...

04 December 2020
New Provision of the Italian Revenue Agency: news regarding the transfer pricing documentation
www.twobirds.com/en/news/articles/2020/italy/alert-tax-transfer-pricing

On 23 November 2020, the Italian Revenue Agency published the new Administrative Provision n. 360494 (the “Provision”), endorsed in the Decree of the Ministry of Economy and Finance of 14 May 2018 (the “Decree”) which ...

16 April 2020
COVID-19: Legal impacts on insolvency law in Germany
www.twobirds.com/en/news/articles/2020/germany/covid-19-legal-impacts-on-insolvency-law-in-germany

Temporary suspension of obligation to file for insolvency and of creditor’s right to request opening of insolvency proceedings

25 March 2020
COVID-19 Update Germany: German government enacts a set of measures aiming to protect businesses from the effects of the current Corona crisis; amendments to German insolvency law in preparation
www.twobirds.com/en/news/articles/2020/germany/covid-19-update-germany--german-government-enacts

In order to protect German companies and their employees against the economic impact of the coronavirus, the German government has resolved on 23 March 2020 on a comprehensive set of measures. It is the largest ...

31 March 2020
KFW emergency liquidity assistance to combat COVID-19
www.twobirds.com/en/news/articles/2020/germany/kfw-emergency-liquidity-assistance-to-combat-covid-19

To combat COVID-19 and its economic impact, German state-owned development bank Kreditanstalt für Wiederaufbau (KfW) has introduced the unlimited “KfW special programme 2020.” We have summarised the programme with ...

15 December 2020
A few final words on Brexit (or not so final!)
www.twobirds.com/en/news/articles/2020/uk/a-few-final-words-on-brexit-or-not-so-final

As 31 December 2020 approaches the UK and EU competition authorities have both published guidance on the application of the competition rules at the end of the Brexit transition period. This also covers the treatment of ...

15 April 2020
COVID-19: Legal impacts on rental law in Germany
www.twobirds.com/en/news/articles/2020/germany/covid-19-and-the-legal-impacts-on-rental-law

Temporary exclusion of landlord’s termination right for COVID-19 caused payment defaults

22 April 2020
Ban on companies’ payment of dividends or completion of share buy-backs if they receive more than DKK 60 million in compensation
www.twobirds.com/en/news/articles/2020/denmark/covid-19-forbud-mod-at-udbetale-udbytte

The Government and all the parties in the Danish Parliament have agreed to adjust and extend the economic aid packages to the Danish economy. The changes entail a limitation on companies’ ability to pay dividends or to ...

21 April 2020
COVID-19 - Management without Supervision?
www.twobirds.com/en/news/articles/2020/germany/covid-19--management-ohne-aufsicht

Supervisory boards as well as the management boards of stock corporations and managing directors of limited liability companies - can presence meetings be replaced by video conferences and how?

03 April 2020
COVID-19: Germany establishes Economic Stabilisation Funds
www.twobirds.com/en/news/articles/2020/germany/covid-19-germany-establishes-economic-stabilisation-funds

To combat the Novel Coronavirus (COVID-19), the German Federal Government is taking a wide array of measures. Revisiting a proven instrument to combat economic upheaval, the government has established a EUR 600 billion ...