What it is

Specific policy designed to take identified tax risk out of a deal or structure.

 

It is widely used in M&A when neither seller nor buyer is willing – or able – to retain a known tax risk, avoiding the need for escrows or price chips. It can also be used on a standalone basis where tax law is unclear or open to interpretation and obtaining formal tax authority clearance is not possible or practical.

Keeps deals on track – discovered tax risks don’t derail the deal

Helps avoid escrows or price-chips

Greater certainty on complex tax positions.

Supports restructurings and exits.

Complementary and accretive to W&I cover



Speak to a specialist

DACH

Christoph Kubicki

Christoph Kubicki

Head of Tax DACH

Region & Business Heads

Roktim Kaushik

Roktim Kaushik

Head of US Tax

Juan de la Lastra

Juan de la Lastra

Head of Tax Southern Europe

Any further questions?