Through this investigation and verification service, we provide indispensable support to companies in strategic acquisition decisions by identifying critical elements so as to ensure that decision-makers enjoy access to all information required to undertake such transactions.
The target company's accounting and tax situation is analysed using specific accounting and tax review techniques generally aimed at establishing that its financial statements comply with the statutes and tax code, accounting principles have been properly applied and accounting and VAT books have been found to be in good order, along with income tax returns and the possible impacts of any audits on the target company.
The transformation of markets as a result of globalisation and technological innovation faces companies with increasingly complex scenarios, including from a business and tax standpoint.
Within this framework, Boscolo & Partners acts as a professional partner to companies in providing a multidisciplinary response to business structuring needs in view of constantly shifting market dynamics and corporate restructuring needs.
No less important are aspects relating to national tax compliance, given the constantly evolving nature of tax law. When companies enter international markets or intend to set up operations abroad, it is essential that cross-border legislation be considered – a field in which Boscolo & Partners can offer high levels of specialisation.
As part of its tax services, the firm has a long track record of specialising in litigation, advising clients from the beginning of audits by the revenue authorities, up to representation before the tax courts, without limitation by jurisdiction.
To prevent disputes and resolve doubts regarding the application of the law, opinions, requests and rulings are prepared, with a particular focus on international tax issues and providing assistance and advice in relations with the revenue authorities.
This is a field in which Boscolo & Partners is a valued partner to private and public companies, as well as numerous law and accountancy firms, to which it habitually provides support in litigation and other specialist services.
One of the areas in which Boscolo & Partners has stood out the most in its 30 years of history is that of extraordinary transactions, mergers and acquisitions (M&A) in various sectors (industry, commerce, services, fashion, food and beverages, etc.).
In particular, the firm brings the appropriate expertise to managing complex mergers, demergers, acquisitions, contributions, group reorganisations, planning of generational transfers, leveraged and management buy-outs, joint ventures and commercial partnerships, including at a cross-border level.
Company valuation is a complex process necessary to determine a company's "economic capital" in particular situations such as those following a merger or demerger, capital increase, sale of a share package or withdrawal of a shareholder.
"Economic capital" means that particular configuration of company capital that must be identified when a company system is to be valued as a whole, taking account of the various aspects and specific company characteristics inevitably reflected in the final valuation.
In this extremely complex field, Boscolo & Partners provides specialist support designed to identify the proper valuation model and most complete architecture in view of the company's specific characteristics, the reasons for the valuation and the characteristics of the business and market in which it operates.
The firm's partners sit on the boards of statutory auditors of joint-stock companies, where they supervise the activities of the directors and monitor that the company's management and administration are in accordance with the law and its memorandum of association.
The partners may assume professional office as directors or liquidators of companies. The specialist preparation gained in professional practice and knowledge of the various aspects that govern the administration of companies are important in these processes.
In Italy a considerable number of companies are family-owned. For such companies, generational transfer is a key moment of company life.
Boscolo & Partners advises in planning the details of this fundamental process, mediating between the interests of owners and companies when in conflict.
Such planning generally occurs on several levels:
- a) company: evaluation of existing governance, reorganisation, including through the creation of more modern management bodies;
- b) family: evaluation of roles that may be attributed to the incoming generation, within the framework of the timing and conditions of succession;
- c) financial: evaluation of the financial resources necessary for generational transfer.
The firm focuses its attention on restructuring activity, dedicating itself to identifying the causes of the crisis that a company may experience, whether contingent or structural, and determining possible solutions. Crisis resolution generally involves implementation of specific financial restructuring plans and the related moratorium, debt consolidation, rescheduling, new finance and/or recapitalisation measures. Restructuring also involves assessing and acting on the strategic, management and organisational aspects of the company.
The best solutions of a judicial or extra-judicial nature are identified, including the recently introduced negotiated company crisis composition mechanism, where appropriate.
The firm's professionals have many years of thorough experience acting as judicial liquidators, insolvency and bankruptcy receivers and professional certifiers.
