Alvarez & Marsal

On 15 October 2026, the Court of Justice of the European Union (CJEU) delivered its judgment in NEO GROUP (C-203/25) on the general anti-abuse rule of the Parent-Subsidiary Directive. The CJEU confirmed that a Member State may deny the dividend withholding tax exemption even where the EU parent carries on a genuine economic activity and is not a conduit, if the parent participates in a chain of transactions (all or some of which are not genuine) through which the dividends ultimately reach the person controlling the group. Our latest alert covers the key findings and why groups should revisit their holding structures, dividend repatriation planning and beneficial ownership documentation, including for open years. Read more: https://okt.to/3VZDTp #AMon #AMTax #InternationalTax #CJEU #ParentSubsidiaryDirective #AntiAbuse #HoldingStructures

Connect with the A&M Crypto Advisory team's Duane Block, Kumanan Ramanathan and Kyle Kinner at Money20/20 USA from October 18–21 in Las Vegas. As digital assets and emerging technologies continue to transform the financial services landscape, this event brings together leaders to explore the innovations, opportunities and challenges shaping the future of money. Our team looks forward to connecting with industry peers and exchanging insights on emerging trends, market dynamics and the future of digital finance. Learn more about the event: https://okt.to/DHvYtp #AMon #Fintech #Crypto #DigitalAssets

Alvarez & Marsal (A&M) Global Transaction Advisory Group (Global TAG) Practice Leader Paul Aversano recently spoke with CNBC about the growing pressures facing Japan's century-old companies. Many of these businesses are now navigating a more complex operating environment marked by rising costs, workforce constraints and limited succession options – leading owners and boards to reevaluate their strategic direction. Paul shared how these pressures, combined with changing expectations around governance and growth, are influencing decisions about strategy and ownership across the Japanese market. Read the full piece on the trends shaping Japan's dealmaking landscape: https://okt.to/O6hvQV #CNBC #Japan #GlobalMarkets #Amon Anthony Caporrino, Stacy Kirshner, Fabio G. Pires, Ashish Bansal, Bhavik Hathi, Mark Copeland, Paul Licursi, Kate Lowry, Dina Marie Hernandez, Nonaka Daisaku, Xuong Liu, Stella Yuan, Jonathan Gibbons, Philip Mitchell, David Willis, Scott Foster

The packaging market has moved past its consolidation phase and into a sorting phase, where scale alone no longer sets valuation. Buyers are now reserving full pricing for businesses with a clear growth story, shifting value to what gets sold, and putting divestiture and separation at the center of FY2027 planning across the sector. The harder constraint is now timing. The windows to sell well are already fixed by two key dates that exist today in cost program disclosures and covenant step-downs. Each of those windows runs on its own schedule, and together they determine which assets can move cleanly in 2027 and which stay stuck until stalled savings or the balance sheet force the decision. Both can be mapped from public disclosure during this planning cycle, so companies that do that work now come to market on their own terms while the rest come when a covenant sets the date. Our latest piece from Corporate Transactions Group Managing Director Ross Stallings and Senior Director, Brett Clarke lays out each of the two windows, when it opens and closes, how to read it against your own portfolio, and the four questions worth answering before this planning cycle closes. Read it here: https://okt.to/fwICYm #Packaging #Divestitures #PortfolioStrategy #CorporateTransactionsGroup J. Preston Parker, Paul Aversano, Jeff Wilson, Lyna Sun, Kevin Martin, Kate Lowry, Dina Marie Hernandez, Mark Copeland, Paul Licursi

Congratulations to A&M Managing Director Dwight Hingtgen on being named one of American Bankruptcy Institute’s 2026 “40 Under 40” honorees! This prestigious recognition celebrates his outstanding contributions to the industry. Dwight advises companies and stakeholders through complex restructuring and turnaround situations, helping them develop actionable business plans, assess operations, and manage liquidity in times of crisis. The award recipients will be honored at the 10th anniversary ceremony on December 4th during ABI’s 2026 Winter Leadership Conference at the JW Marriott Desert Springs Resort & Spa in Palm Desert, California. Congratulations, Dwight! Learn more: https://okt.to/YZtUQm #AMon #Restructuring #Turnaround #ABI #40Under40

Die Kosten im E-Commerce steigen schneller als die Umsätze. Viele Unternehmen setzen deshalb auf Effizienzprogramme. Doch reichen Kostensenkungen allein noch aus, um die Profitabilität nachhaltig zu sichern? Die Analyse zeigt: Kostenprogramme stabilisieren Margen, echte Ergebnissteigerungen entstehen jedoch durch eine gezielte Verlagerung von Marketingbudgets in die Aktivierung bestehender Kunden. Eine Kombination aus Kostenmanagement und Bestandskundenaktivierung kann die EBIT-Marge deutlich verbessern, während Umsatzpotenziale erhalten bleiben. Gleichzeitig verändert Agentic Commerce die Spielregeln. Wenn KI-Agenten Kaufentscheidungen zunehmend beeinflussen, gewinnen Kundenbindung, Datenqualität, Personalisierung und Vertrauen an Bedeutung, während klassische Akquisekanäle an Wirkung verlieren. Unternehmen, die heute die richtigen Fähigkeiten aufbauen, schaffen die Grundlage für profitables Wachstum in der nächsten E-Commerce-Generation. Lesen Sie den vollständigen Beitrag und erfahren Sie, welche Maßnahmen Entscheider jetzt ergreifen sollten: https://okt.to/BK1pLS Vielen Dank an Michael Kahle, Dr. Stefan Rohrhofer, Philip Beil und Benjamin Pflaum für ihre wertvollen Einblicke zu den Zukunftstreibern von Profitabilität im E-Commerce. #ECommerce #DigitalCommerce #CustomerExperience #AICommerce #ProfitabilityStrategy

Big impact. Big growth. Big decisions. During his early careers internship, Maurits embraced high-impact work, learned from seasoned colleagues and thrived in an entrepreneurial culture. These experiences reinforced that A&M was the right environment to grow his skills and shape his career. Explore Maurits’ story here: https://okt.to/R6fboi #AMon #CampusSpotlight #ConsultingExcellence #Mentorship

Bringing enough critical minerals online will take a lot of capital, and the miners best placed to supply it have limited room to spend. Our analysis of the 50 largest Western miners found that only 11 can fund a project costing US$5 billion or more from their own balance sheets. We then look at how operators allocate capital today, and what risks investors must come to terms with in doing so. Steven Lepine, Helder Santos, Donald Gardner, Fariza Makhayeva and Thiago Gandra, PMP look at what this means for operators and set out three priorities: getting to scale with new partners, aligning capital allocation with shareholders, and building the capability to move projects faster. Read the full article: https://okt.to/okSKlY #AMon #CriticalMinerals #Mining

World Mental Health Day is a reminder that mental well‑being matters every day. Let’s continue to support one another, reduce stigma, and prioritize mental health in our workplaces and communities. #AMon #WorldMentalHealthDay

This October, A&M professionals are once again turning pink to raise awareness and drive change. A&M's Digital and Technology community is proud to support Tech Day of Pink, a global tech industry initiative that funds breast cancer research through the Breast Cancer Research Foundation. Why do you wear pink? Learn how you can get involved: https://okt.to/WUD712 #AMon #TechInPink2026 #TimeToEndBreastCancer