Tax in European M&A, February 2010
26.02.2010
Herbert Smith Gleiss Lutz Stibbe Alliance and friends guide to Tax in European M&A
This is the 2010 edition of the “Tax in European M&A” Guide produced by the Herbert Smith Gleiss Lutz Stibbe Alliance and other contributors (of which Arthur Cox is one).
The years 2008 and 2009 saw markedly low levels of M&A activity as market confidence evaporated in the wake of global economic turbulence and the lack of available credit constrained acquisition financing. Whilst global economic conditions remain turbulent, the early stages of economic recovery have led to an increase in M&A as credit becomes more available, bidders seek to take advantage of favourable valuations and companies shift their strategic focus away from strengthening their balance sheets and towards consolidation opportunities.
