A business restructuring may typically be defined as a cross-border redeployment of functions, assets, and/or risks by a Multi-National Enterprise (MNE). High degree of globalisation, competition, digitisation, political changes, trade war, and the ‘new normal’ ushered in by the pandemic, has led to heightened focus for MNEs across the globe to identify various alternatives to optimise their supply chain.
The current pandemic situation may have had an adverse impact on profitability of MNE groups, which operate in various jurisdictions. In such a scenario, most Boardroom conversations focused on ways to bring back business to usual and continue with the pre-pandemic growth trajectory. One of the paths is the effective re-organisation of global supply chains through business restructuring.
Click here to read more about business restructuring in context of the Recent Danish National Court ruling and the key takeaways for taxpayers in India.