Where a company, a business or an individual has incurred a major loss or has considerable debts, it will often be relevant to investigate the possibility of recapitalisation or reorganisation.
Such reorganisation may e.g. be in the form of debt relief (compulsory or voluntary composition, debt restructuring, etc.), capital contributions, including debt conversion and other kinds of capital adjustment, and new loans, etc.
Besides, it may be necessary in the circumstances to close down or sell off activities or to dissolve a company following a liquidation or bankruptcy.
In each individual case it is important for the affected business or individual that the recapitalisation or reorganisation is carried out in the most appropriate way, also in terms of tax law. It is of significant importance that tax losses and loss deductions are secured in the best possible way and that no negative tax consequences will occur in the form of e.g. taxation of capital gains, limitation of tax relief on interest, etc.
We assist Danish and foreign businesses and their owners in assessing the tax consequences of a reorganisation or recapitalisation.
We advise on:
- The choice of mode
- The specific pitfalls and opportunities
- Carrying out reorganisations and recapitalisations
We prepare the relevant documents and handle the contact with creditors, authorities, etc.
We also assist in assessing the tax situation in connection with bankruptcies and other insolvency proceedings.