In its recent publication, the German Ministry of Finance introduced new regulations mandating electronic invoicing (e-invoicing) for domestic B2B transactions, effective 1 January 1, 2025. This change, part of the Growth Opportunities Act, aims to further digitize business processes. While current invoicing methods, such as paper or PDF invoices, are still allowed, these will gradually be phased out. In this newsletter, we provide an overview of the current invoicing requirements, outline the changes set for 2025, and offer guidance on how businesses can prepare.

A&M Managing Director Julie Hertzberg has been selected as an American College of Bankruptcy Fellow, recognized for her professional excellence and exceptional contributions to the bankruptcy and insolvency practice.

Despite robust economic growth and positive sentiment in the GCC, the post-COVID surge in lending signals a new stage in the region's maturing credit cycle. With inflation and rising living costs, proactive steps to digitalise collections operations have become essential for lenders aiming to manage the impending rise in non-performing loans (NPLs).

Given the complexity of the current economy, shaped by the challenges of rising interest rates and inflation, volatile markets, shifting business models, and financially strained vendors and customers, it is essential for organizations to take proactive steps to drive profitable sales and commercial performance. Interest rates and inflation have become dominant forces steering economic dynamics. 

In 2023, the UK Government announced it was introducing its own Carbon Border Adjustment Mechanism (‘UK CBAM’). After a public consultation period, several key details on how the UK CBAM will work have been confirmed, with further updates on other areas to come at a later date.

With the Eurozone’s economic landscape showing signs of strain, lenders are urged to prioritise their collections operations. The combination of a maturing credit cycle, rising living costs, and stagnant growth points to a potential surge in non-performing loans (NPLs).

This edition of the Automotive Industry Spotlight will focus on the current landscape of electric vehicle (EV) charging infrastructure.

The impending end of support for the popular SAP ECC 6.0 enterprise resource planning (ERP) system in 2027 presents a significant challenge for companies undergoing divestiture. These organizations must not only manage the complexities of separating their systems but also align their SAP upgrade strategies to transition to SAP S/4HANA. This dual challenge requires careful planning and strategic decision-making to ensure business continuity and future readiness.

Alvarez & Marsal announces the appointment of John Fiorentino as a Managing Director within the firm’s Private Equity Performance Improvement (PEPI) group. Mr. Fiorentino’s expertise unlocking procurement and supply chain-driven value creation, in support of private equity (PE) firms and their portfolio companies, provides the perfect blend of experience to expand A&M’s Procurement and Sourcing group’s strategic capabilities.

Leading global professional services firm Alvarez & Marsal’s (A&M) Global Transaction Advisory Group (Global TAG) has appointed Managing Directors Sébastien Catteau in Munich and Nigel Hinchliffe in Manchester, as the firm continues to bolster its transaction advisory capabilities and sector expertise in EMEA.

See the latest commentary from our team of tax experts in relation to the UK Autumn Budget 2024.

Global professional services firm Alvarez & Marsal announces the appointment of Christopher Chatfield as Managing Director within its Disputes and Investigations practice.

Our comprehensive report explores how life sciences companies can monetize their data through four key strategies: Improving operations, Wrapping products, Selling data, and Bartering information.