Weil Gotshal & Manges LLP

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Weil Gotshal & Manges LLP
Weil Gotshal & Manges LLP
Contributions by Weil Gotshal & Manges LLP Experts

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Debt restructurings—enforcement
Practice notes

This Practice Note outlines the tax issues that are relevant where a creditor seeks to enforce its security over the assets of a corporate borrower in distress. It considers the different types of enforcement mechanisms available to a creditor including exercising a power of sale, appointing a receiver, administration and foreclosure. It also considers the situation where a borrower agrees to transfer property to a creditor in satisfaction of debt owed.

Debt restructurings—tax issues on acquisitions of distressed debt
Practice notes

This Practice Note outlines the tax issues relevant to acquisitions of distressed debt portfolios, referred to as non-performing loans (NPLs). It considers appropriate acquisition vehicles and compares the tax consequences of using UK corporate, offshore or tax-transparent vehicles. It also analyses the financing options available to fund the acquisition and the various associated costs involved. This Practice Note is produced in partnership with Jenny Doak of Weil Gotshal & Manges.

Debt restructurings—tax issues on debt restructurings
Practice notes

This Practice Note outlines the tax issues that should be considered when a company seeks to restructure its external debt obligations. It discusses the impact of debt waivers (releases), the general application of the loan relationships regime to such transactions and the possible availability of reliefs in cases of insolvency and where a debt/equity swap is undertaken. It also looks at the tax issues arising in situations involving connected parties where the ‘deemed release’ provisions are potentially triggered. It concludes by considering what to keep in mind when debt is being renegotiated and situations where a change in ownership of the borrower group may be involved. This Practice Note is produced in partnership with Jenny Doak of Weil Gotshal & Manges.

Other Work
Debt restructurings—points to consider when dealing with distressed debt

This Checklist sets out the tax issues to be considered when dealing with distressed corporate debt. It is intended to provide a quick, high-level reference guide that lists the key tax considerations that ought to be addressed when acting for clients involved in a debt restructuring. This Practice Note is produced in partnership with Jenny Doak of Weil Gotshal & Manges.

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