The Company will keep its shareholders and the general market informed, in accordance with the rules and time periods established by the applicable legislation, of any developments related to the subject-matter of this Material Fact notice and any other relevant facts in connection with the progress of the court-supervised reorganization
For example, shareholders of the target are permitted to receive boot (property other than stock of the acquiring corporation) in a type A reorganization
. A target shareholder who receives boot in a type A reorganization
recognizes gain to the extent of the lesser of the boot or the gain realized upon the exchange of the stock.
Notably, in contrast to the previous reorganizations
, Marcos' reorganization
was decreed and accompanied by his assertion of his powers as commander in chief to assume control not just of executive offices, but also of all local governments-and putting every official on notice that '[they] shall continue to function under their present officers and employees and in accordance with existing laws, until otherwise ordered by me or by my duly designated representative.' Which essentially meant: Cooperate, or else.
, as a way of settling corporate bankruptcy, has been connected with high expectations in the Czech Republic since 2008 in which reorganization
was possible for the first time after legal framework changes.
Section 361(a) states that no gain or loss to a corporation will be recognized if that corporation is a party to a reorganization
and exchanges property solely for stock of another corporation involved in the reorganization
, the two modes can be made through a plan, a plan to restructure the debtor's business plan or a liquidation of any assets of the debtor's assets.
Northwest Airlines issued a filing to the US Securities and Exchange Commission saying it expects to report a $230-$270 million pre-tax profit in 2006 excluding reorganization
and unusual items.
Such a tax-flee reorganization
is essentially a mere rearranging of the corporate ownership structure.
* Adopt simpler and broader GST relief provisions for transfers of property among affiliated companies in connection with corporate restructurings and reorganizations
In January 2003, the IRS issued regulations to expand the scope of the term statutory merger or consolidation to allow limited liability companies (LLC) to be party to an A reorganization
. Consequently, the word "corporation" was removed from the regulatory definition of statutory merger or consolidation.