LEARNING OBJECTIVES
The course is aimed at studying the problems associated with extraordinary business management operations through the analysis of extraordinary financial statements and regulatory, management, accounting and tax profiles of individual operations.

COURSE CONTENTS
The sale of the company: description and purposes of the transaction; statutory features; aspects of the economic valuation and the accounting treatment; evaluation of the business unit being sold; fiscal profiles.


- Study of the sale or transfer of a company: description and purposes of the transaction; statutory aspects; the assessment of the estimating with injury-ex-art. 2343 commercial code .; aspects of economic valuation and accounting treatment; tax considerations.

- The transfer of business: the completion of the fi-stop profiles.
- The exchange of shares: description and purposes of the transaction; statutory features; features of the economic evaluation; the tax considerations.
- Liquidation: the causes of dissolution; the effects of separation; the powers and obligations of the liquidator; the realization of assets and the payment of debts; The financial statements of companies in liquidation; the final liquidation balance sheet; the tax considerations.
- Transformation: description and purpose of the turnstion; the types of processing; The report stibut the company's assets; the closure and reopening of the accounts; the tax considerations.
- The merger: description and purpose of the merger; the legal nature and scope of the operation application; statutory features; the determinazione of the exchange ratio; the melting differences; the tax considerations. The "reverse merger". The "merger leveraged buy-out".
- The split: legal and statutory features of the division; the types of cleavage; the economic capital pursuant to Art. 2504 novies; accounting differences resulting from the split; the tax considerations.
- The tax evasion: the concept of circumvention; differences between tax evasion and avoidance; the right of interpellation

BIBLIOGRAFIA CONSIGLIATA
G. SAVIOLI, Le operazioni di gestione straordinaria, Giuffrè, Milano, 2012