Tax liabilities in bankruptcy can be one of the most complex and challenging aspects of a distressed company’s restructuring. Fortunately, the Bankruptcy Code offers powerful, though underutilized, tools to address tax concerns. In combination with the U.S. Supreme Court's recent decision in Loper Bright Enterprises v. Raimondo, which overturned the long-standing Chevron doctrine, these tools provide a potentially transformative way to contest certain tax liabilities—particularly related to cancellation of indebtedness income (CODI).
A&M's tax expert Kevin M. Jacobs and Anthony V. Sexton from Kirkland & Ellis co-authored a recent article in the American Bankruptcy Institute Journal that explores how the Loper Bright decision, coupled with § 505 of the Bankruptcy Code, creates an opportunity to challenge controversial Treasury regulations that may lead to inflated tax liabilities, especially in debt restructuring scenarios.
SAUDI ARABIA TAX ALERT | Amendments to the Excise Tax Implementing Regulations (December 2025)
February 10, 2026
Excise Tax Amendments: Are You Prepared for January 2026?
ZATCA’s latest amendments redefine excise tax calculations, reclassify goods, and introduce new compliance obligations. From product classification to pricing accuracy, these changes demand immediate attention. Ensure your business is ready to adapt and comply.
SAUDI ARABIA TAX ALERT | Relaunch of the Tax Penalties Exemption Initiative (January - June 2026)
February 10, 2026
Unlock Compliance Opportunities with ZATCA’s Tax Penalties Exemption Initiative
From 1 January to 30 June 2026, businesses can waive penalties for late registration, filing, VAT corrections, and audit-related violations. Act now to streamline your tax position and ensure compliance.
A&M’s Asia–Pacific Private Capital Tax Top 10 – 2025 Q4
February 8, 2026
Private capital tax in the Asia–Pacific region is progressive and ever-changing. Based upon the latest published news, reports, and announcements, here are A&M's Top 10 tax topics for private capital tax in the Asia–Pacific region for the last quarter, up to December 2025.
Budget 2026-27 | Why buyback taxation a victory for minority shareholders and a hurdle for promoters
February 4, 2026
While promoters may find the new tax rates less attractive than the pre-2024 era, the retail and institutional investor community will likely welcome the lower, more transparent capital gains rates.
