The impact of the OECD’s pillar two on international M&A

With international agreement having been reached on the key aspects of the OECD’s pillar two, multinationals will have to consider the impact these rules might have in practice in an M&A context. Pillar two will affect financial modelling, as well as deal structuring and different bidders’ competitiveness. There may be new contractual protections to consider and a need for more post-acquisition cooperation. The intention is that the rules are implemented in 2023/24, so multinationals will have to get to grips with these issues quickly.