European Union: M&A/Private Equity

The Dutch Supreme Court has ruled that unrealised losses fall within the scope of the Loss Restriction Rule, creating new administrative challenges for taxpayers who must now identify, value and monitor such losses at the time of qualifying ownership changes. While the judgment clarifies this principal issue, it leaves several technical questions unresolved, particularly affecting real estate structures, asset-intensive businesses and distressed M&A transactions.

Soges Group S.p.A., a company listed on Euronext Growth Milan and active in the hotel and conference hospitality sector with the Place of Charme brand, has concluded a strategic operation for the future management of a new prestigious hotel located in the Municipality of Lerici (SP), which will be operated under the Melià Hotels International S.A. brand. The operation marks Soges Group's entry into Liguria, in the splendid setting of the Gulf of Poets, one of the most attractive tourist destinations in

French M&A transactions involve complex employee-related procedures that must be navigated before finalizing any sale agreement. Understanding whether direct employee notification under the Hamon Law or work council consultation applies is critical for deal structuring and timing.

Le tribunal administratif de Montreuil examine l'application de la clause anti-abus du régime de faveur des fusions dans le cadre d'une opération transfrontalière impliquant un État tiers. Cette décision clarifie la portée de l'article 210-0 A, III du CGI et son applicabilité au-delà des seules opérations intracommunautaires couvertes par la directive « fusions ».

General Partners launching private equity or venture capital funds face significant challenges in financing their GP commitment, particularly when operating in the defense technology and dual-use sectors.

The Fiscal Court of Münster has ruled on a critical question in German reorganization tax law: when assessing whether a contribution in kind qualifies for tax-neutral treatment, should authorities examine the circumstances on the actual contribution date or the retroactive tax effective date? This decision challenges longstanding administrative guidance and could fundamentally reshape how businesses structure tax-efficient reorganizations involving partnership interests and special business assets.

Een due diligence-onderzoek is onmisbaar om risico’s in kaart te brengen en onderhandelingen te sturen. Maar welke juridische valkuilen komen het meest voor?

L'industria aeronautica e della difesa affronta il secondo semestre 2026 con portafogli ordini record ma vincoli industriali persistenti.

The European Commission has launched a formal investigation into potential gun-jumping violations by XXXLutz and Porta regarding XXXLutz's proposed acquisition of Porta, an Austria-Germany furniture retail transaction announced in January 2025. The investigation examines whether the parties may have implemented the merger before obtaining required regulatory approval, despite the transaction having an EU dimension requiring Commission notification.