Anton Kabakov talks about the restructuring of international groups at a CFO conference held by the German-Russian Chamber of Commerce

On September 22, 2022, the German-Russian Chamber of Commerce held its annual CFO conference. Anton Kabakov, Partner at Forte Tax & Law, spoke about certain aspects of the restructuring of an international group.

Anton’s presentation consisted of three sections: options that companies may choose to exit the Russian market in today’s situation; liquidity withdrawal, and intra-group payments. The speaker outlined three key market exit options: sale of business, management buyout (MBO), liquidation, and takeover. Elaborating on each of them, the expert weighed up their pros and cons.

The focus of special attention was the withdrawal of trapped liquidity, a topical subject in light of the existing foreign currency restrictions. Talking about intra-group payments, the speaker looked at the tax aspects of debt forgiveness, not sidestepping tax accounting for exchange differences in 2022.

To view Anton’s presentation, please click the link