Debt restructuring and corporate reorganizations

Overview

During the course of August to November 2020, three senior tax professionals from Bowmans Gilfillan will anchor four interactive webinar sessions on the practical application of tax law relating to debt restructuring and corporate reorganisations. The sessions will also include an interactive debate on key themes emanating from conducting tax due diligences. They will share past experiences and knowledge, invite commercial specialists and will consider the tax and commercial impact of Covid-19, particularly as it relates to distressed companies. The webinar series aims to provide participants with a sense of the typical commercial drivers and the tax principles that play a role in these topics.      

• Delegates will have the opportunity to submit questions which will be addressed during the live Q&A section at the end of each session.
• Delegates will earn two hours verifiable CPD for each session.

3. Corporate Reorganisations (continued - 22 October)

In the second session on corporate reorganisations, the presenters will continue to explore the types of transactions that can qualify for tax rollover relief:

• The amalgamation or merger of companies, implemented as a sale of business or in terms of the statutory merger provisions of the Companies Act (“amalgamation transactions”).
• The distribution of underlying share investments (“unbundling transactions”).
• The distribution of all assets in anticipation of liquidation/deregistration (“liquidation distribution”).

Against the backdrop of the various types of transactions, the team from Bowmans will provide a bird’s eye view of the provisions to identify common threads that may result in some provisions being more preferable than others depending on the circumstances.

Presenters

MICHAEL RUDNICKI  Executive: Tax - Bowmans

CA (SA), BCom , BCompt (Hons), BCom (Hons)(Taxation), MCom (Tax)

Michael Rudnicki is an executive in Bowmans’ corporate department and a member of the Johannesburg office tax practice.

Michael has in excess of 20 years’ tax experience and specialises in banking and financial services, mergers and acquisitions, private equity, executive incentive schemes and general corporate tax.

In the financial services sector, he has consulted to most of the local and international banking institutions in relation to balance sheet aspects such as financial instruments and derivatives, working with their in-house mergers and acquisitions and corporate finance teams. His clients include Barclays, Nedbank, Investec, Standard Bank, JP Morgan, UBS and Transaction Capital. Michael has a specific interest in the taxation of financial instruments and derivatives and has presented on numerous occasions on this subject at universities. He has also given public lectures and has appeared on radio and television programmes.

Michael has been involved in many large mergers and acquisitions projects and has consulted to many of South Africa’s leading private equity firms as well as international private equity firms with investments in Africa. His experience includes fund establishment, acquisition assistance and modelling, due diligence (acquisitions and disposals), as well as implementation and post deal implementation assistance and exit readiness. His experience in the private equity sector extends beyond tax advice and includes deal origination and deal sourcing. He also assisted SAVCA in the preparation of its annual private equity survey. Michael advised on the acquisition by ABSA Bank of Barclays Africa, the recent acquisition by RPC of Astrapak as well as the acquisition of McDonalds South Africa. Michael’s private equity clients include Rockwood, Harith, Ethos, Actis, Medu Capital, Capitalworks, DPI, Investec PE and RMB Corvest. He has appeared on many media platforms speaking about his experience and current trends in the local and international private equity market.

RONé LA GRANGE - Partner - Bowmans

BLC, LLB, LLM (Tax), Dip. (Company law), Dip. (Fin. Markets)

Roné la Grange is a partner in Bowmans’ corporate department and a member of the tax practice.
Roné has over 19 years of corporate tax experience with significant involvement in financial services tax matters in key sectors such as banking, insurance and private equity. Her expertise also extends to exchange-traded funds, collective investment schemes, hedge funds, property funds and treasury operations.

Roné is skilled in conceptualising, implementing, and the tax administration of both executive and broad-based share incentive plans.

She has consulted on a wide range of corporate tax matters, including but not limited to the implementation and collapse of black economic empowerment transactions, group restructures, management buy-outs, debt restructuring, private equity fund structures, employee equity incentives, finance and investment structures. She has experience in tax due diligences, obtaining tax rulings, objection and appeals, settlement negotiations and general tax compliance.

MOGOLA MAKOLA - PARTNER - BOWMANS

BA, LLB, LLM

Mogola Makola is a partner in Bowmans’ corporate department and a member of the tax practice. She specialises in domestic and international tax, with a specific interest in the financial services and private equity sectors.

Mogola’s experience covers both South African and international tax. She has advised on major mergers and acquisitions transactions and has experience in advising on the tax structuring of offshore investments, derivative trades, investments in a private equity funds, securities lending transactions, private equity fund formations and tax structuring. In addition to advising clients, Mogola also assists clients in tax disputes.

Her experience includes advising Shanduka Group Proprietary Limited, VSNL SNOSPV Pte Limited, Morrison & Foerster LLP (US counsel to underwriters Raymond James & Associates, Inc. and William Blair & Company, LLC) and various domestic and foreign financial clients on their business activities in South Africa.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output per session Tax CPD points.

Event Pricing

This webinar does not form part of the 2020 Subscription packages.

Per webinar session:
Other members: R475
Company Price: R950

Payments & Cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.

• Kindly note that should payment not been received 2 days after the event, legal action will be taken

• Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.

• Only written notice of cancellation will be recognised.

• Cancellation Conditions:

  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.

  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.

• Delegates who book and fail to attend will be liable for the full event fee.

• SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.

• Please click here for the full terms and conditions.