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Tax and legal issues arising on leveraged buy-outs

Polish leveraged buy-out deals are hampered by an unfavourable taxation regime, which places stringent requirements on groups of companies if they are to achieve tax relief status. Charles Waddell of CMS Cameron McKenna compares and contrasts the Polish and UK taxation systems and suggests how a private equity firm investing in Poland can structure a transaction in order to negotiate a tax-efficient acquisition.

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Charles Waddell, Jaros³aw Miller and Arkadiusz Michaliszyn are lawyers in the Warsaw office of CMS Cameron McKenna.

CMS Cameron McKenna is a full service international commercial law partnership, advising businesses, financial institutions and governments. We are a top ten European firm in terms of size and rank in the top ten City of London law firms. CMS Cameron McKenna is one of the largest UK law firms in the Central and Eastern Europe, with offices in Warsaw, Budapest, Bucharest, Prague and Moscow. The private equity team has worked on many private equity transactions in Central and Eastern Europe in recent years.
 
 CMS Cameron McKenna is the largest international law firm in Warsaw and as such is able to support clients in all area of their business activities. With the emphasis on quality and best international practice, the firm has attracted clients who have been involved in some of the most high profile deals in the Polish market.
 
 For further information please visit www.law-now.com. 

 CMS Cameron McKenna is a leading international provider of legal and tax solutions. www.cmck.com