• Carve-outs to divest a business division • Reorganisations in the context of IPOs • Business combinations through reorganisations • Use and or transfer of net loss carry-forwards • Separation of liabilities and assets • Migrations and inversions This panel will consider current trends in relation to pre-M&A reorganisations, such as carving out a business division which is not part of a transaction, allocating liabilities to the seller that shall be retained, or preparing a company for its initial public offering of shares. It is also intended to discuss the current trends in M&A transactions to implement a consolidation of different businesses via share for share exchange. Finally, in the context of cross-border M&A transactions, the panel will cover the strategies used to migrate the holding company and top management of the company to another jurisdiction in which the business will be consolidated, with the relevant tax aspects affecting the strategies.