|
|
 |
|
 |
|
FIDAL has developed considerable expertise in the following fields :
|
Business evaluation |
|
Business evaluation
Our business evaluation specialists work in close liaison with other firm departments and intervene in the initial stages of transactions, evaluation issues or, more generally, financial issues. They are confronted with multiple strategic issues and intervene in highly varied contexts:
• Legal restructuring operations
> Mergers and partial business transfers
• Company evaluations, parity calculation
• Evaluation of business lines and intangible assets (e.g. going concerns, trademarks and patents)
> Business leases and trademark licences
• Determination of royalty rates
> Separation of ownership attributes for securities
• Beneficial ownership/bare title
• Assistance with tax issues
> Tax returns (transfers free of charge or for consideration, wealth tax)
> Tax audits and litigation proceedings, defence of values vis-à-vis the Tax Administration
• Compliance with regulatory and accounting obligations
> Impairment tests (IAS 36) and depreciation tests
> Acquisition price allocation
• Assistance with business combination negotiations
> Analysis of acquisition projects (valuation, risk assessment, feasibility/profitability analysis, etc.)
> Assistance with negotiations and legal counsel
> Drafting of the disclosure memorandum
> Value determination and defence
> Drafting of price determination or revision clauses
> Leveraged transactions
• Equity transactions
> Financial analysis and diagnosis
> LBO studies
> Operations prior to stock market flotation
• Restructuring of ailing companies
> Financial analysis and diagnosis
> Drafting of business plans, financing plans and provisional balance sheets
> Design of turnaround plans and liability clearance schemes
> Assistance in negotiations with court administrators, public powers and financial partners.
|
|
Transfer pricing |
|
Working in multi-disciplinary teams that comprise, in particular, lawyers specialised in international tax and in intellectual property law, our transfer pricing specialists assist in the definition, management and defence of transfer pricing policies. These specialists' skills in microeconomics, finance and law constitute one of the major strengths of our firm that enable us to handle all the issues facing our national and international clients.
• Assistance with tax audits and litigation
> Identification of risk areas and drafting of initial documentation
> Assistance with tax audits
> Definition of a defence strategy
> Assistance in negotiations with the tax authorities
> Assistance with appeals
• Audits of transfer pricing policies
> Evaluation of tax risks
> Assessment of the economic relevance of the policies applied
• Assistance in determining transfer pricing policies
> Economic study of intra-group operations
> Choice of a method for determining arm's length prices
> Comparative studies, benchmarking
> Analysis of the economic and financial implications of the policies implemented
• Drafting of transfer pricing documentation
> Risk minimisation for the current or proposed policy
> Involvement prior to any request from the authorities
• Transfer pricing: request for preliminary agreement
> Assistance in negotiations with the administration
|
|
Real estate evaluation |
|
FIDAL’s real estate evaluation experts work closely with the wealth management, real estate law, tax law and corporate law departments, among others. Their clientele is highly diversified and includes institutional or collective owners that are subject to legal obligations, as well as businesses and individuals who have particular concerns regarding their real estate management.
• Real estate appraisal of all types of property
> Market value
> Rental value
> Value in use
> Lease value
> Land value (developer balance sheet)
• Audit of real estate assets
> Wealth tax value
> SCI (non-trading real estate partnership) value
> Transfer value (estates and donations)
• Assistance and legal counsel for:
> Tax pre-litigation and litigation
> Expropriation, eviction or pre-emption
> Disposal of assets
> Lease renewal (analysis of potential rent revaluation)
|
|
 |
 |
|
|
FRANÇAIS
