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Fiscal Odyssey 13

Allan Cinnamon International Tax Consultant BDO Stoy Hayward recalls a previous restructuring operation
I was recently reminiscing with Duncan Taylor one of our International Tax Directors about the long-gone mergers and acquisitions boom when we were seeing a huge amount of due diligence and structuring work. This invariably involved large amounts of bank debt that needed proper management from the international tax planning viewpoint.
Covington GmbH acquires Bite AG
Duncan had got involved in advising the Covington Group and its German subsidiary Covington Holding GmbH (GmbH) — see The Tax Journal 18 February 2008.
The deal in question related to GmbH's bid for Bite AG (Bite) a...

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