France - Tax Issues in Consensual Debt Restructuring
- V. Daniel-Mayeur
- Derivatives & Financial Instruments, 2012 (Volume 14), No 3
- 24 May 2012
The author sets out the key French corporate income tax issues in respect of consensual debt restructurings. Debtors and creditors may be faced with material tax consequences in the case of a debt waiver, debt transfer, conversion of debt into equity or debt buy-back, so that such transactions may require appropriate structuring so as to mitigate potential tax issues.