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Thought Leadership

December 2025 Debt Market Update

December 8, 2025
A&M’s latest Debt Market Update highlights key developments shaping private credit, leveraged lending, and macro-economic conditions as markets transition into 2026.
Thought Leadership

Alvarez & Marsal Launches in Japan, Plans to Hire 500 Professionals

December 8, 2025
US based consulting firm Alvarez and Marsal (A&M) entered Japan in October and plans to recruit 100 professionals annually, targeting a workforce of 500 within five years, said head of the firmʼs transaction advisory group Japan, Daisaku Nonaka.
Press Releases

Supreme Court Upholds Delhi High Court Ruling: Indian Subsidiary Does Not Automatically Constitute PE, and No Further Profit Attribution Is Warranted Once the Subsidiary Arm’s Length Remuneration Is Paid

December 5, 2025
The Supreme Court’s affirmation of the Delhi High Court ruling in the Progress Rail case provides important clarity on Permanent Establishment standards in India.
The decision reinforces key principles on control, core functions, agency thresholds, and profit attribution.
It further underscores that arm’s-length remuneration to Indian subsidiaries precludes additional attribution.
A significant development for multinational enterprises evaluating their India-linked operating models.
Thought Leadership

Final Buyback Regs Are Good News for M&A Transactions, Too

December 4, 2025
The IRS and Treasury abandoned the embattled “funding rule” in final regulations implementing the 1 percent excise tax on stock buybacks and made welcome changes for reorganizations and preferred stock, tax advisers said.
Thought Leadership

M&A commentary: Surge in value of deals

December 3, 2025
The ONS data shows M&A activity Q3 remained low, however, since September we’ve seen an uptick. The market seems to have shrugged off market disruption and restarted in earnest. Mike Trenouth provides comments on the latest data release.