John Hartig, who has led transformation in media and information services enterprises, joins A&M

The first 50 annual general meetings (AGMs) of 2021 have now taken place and stakeholders are closely watching how companies have addressed Covid-19 disruptions in making decisions on executive pay.

Leading global professional services firm Alvarez & Marsal (A&M) today announces that it has expanded its Debt Advisory team in Europe with the appointment of Floris Hovingh as a Managing Director in London, Axel Rink as a Senior Director in Frankfurt and Atif Malik as a Director in London. All three bring over 20 years+ each of debt advisory and banking experience to the growing A&M debt advisory practice.

The U.K. may soon adopt similar legislation to the U.S. Sarbanes-Oxley (SOX) Act to combat corporate financial fraud and misconduct.

Who were the top performing banks in Europe? In A&M’s first edition of the European G-SIBs Pulse, we analyse eleven leading European banks and highlight the top performers based on business profitability, balance sheet resilience and CO2 footprint estimation.

Over years of scoping and implementing best cost country sourcing (BCCS) initiatives, we have established key levers for companies that can make a difficult challenge more straightforward.

Yesterday, during his first address to Congress, President Biden formally announced the American Families Plan (“AFP”), a sweeping set of proposals that would be paid for in part by increasing taxes on high-income individuals by $1.5 trillion over the next decade, by increasing the top individual tax rate and tax rates on capital gains and dividends, and by changing the tax treatment of inherited assets.

As widely anticipated, US President Joe Biden delivered news of impending tax increases in a speech to a joint session of US Congress on Wednesday evening. A wide-reaching spending and investment plan (with a $4 trillion price tag) also accompanied tax increases, mostly aimed at the wealthy and corporations.

Learn about the American Rescue Plan and how A&M can partner with state and local governments to strategically manage COVID response and economic recovery activities

Our April Briefing Note will cover a variety of topics, including:

1. Upcoming A&M Taxand Webinar: Virtual Asset Manager Roundtable;
2. Key Highlights from UK Budget on 3 March 2021;
3. Key Highlights from UK ‘Tax Day’ on 23 March 2021;
4. HMRC Enquiries into the Tax Treatment of Carried Interest; and
5. Employee vs. Partner: Tax Status Changes.

The pandemic is prompting serious questions about managing costs and spending, especially in the healthcare sector where economic logic of patient care is changing. Investors and management teams must seek to preserve margins by focusing on operations improvements. Our experts define and demonstrate, through actionable insights, how you can unlock potentially the most significant value driver in the healthcare sector

The medical technology and medical devices sector boasts many small businesses and a few very large businesses. ‘MedTech’ is unusual for its lack of mid-size companies that are so common in other industries. This void in the market, combined with the macro-economic impacts of the COVID-19 recession, present a unique opportunity for large corporates and private equity (PE) firms to find common ground with carve-outs. Here, we discuss how PE ownership can re-energize these businesses, looking at the issue from the perspectives of the corporation, the business unit itself, and the PE funds.

For many years, the Cayman Islands, Guernsey, and Jersey have been the jurisdictions of choice for U.S. investment fund managers organizing feeder vehicles or investment funds for making offshore investments, including into the European Union (EU). However, the previously overlooked jurisdiction of Scotland is rising in prominence in the marketplace due to the global focus on environment, social and corporate governance (ESG);  the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting project; and the European Commission’s Anti-Tax Avoidance Package, which included the Cayman Islands on its “tax haven blacklist” until October 2020. This alert highlights the potential benefits of often-overlooked Scottish limited partnerships (SLP).