Hypo Alpe Adria Bank guarantee, offered a debt hair-cut to buy the senior bonds for 75% face value and 30% face value for subordinated bonds. On 4 August 2016, a private equity fund advised by Bain Capital purchased Heta Asset Resolution Italia S.r.l. (former Hypo Alpe-Adria Leasing S.r.l.) from Heta. During the year, Financial Market Authority also made a debt hair cut using the power as a resolution authority of EU "Bank Recovery and Resolution Directive", making the bad bank had a positive equity for the first time. Hypo Alpe Adria Bank Heta Asset Resolution A.G. is a "bad bank" that was the residual
European Union value added tax personal use or gifts without limits.The 2015 EU VAT legislation requires two non-conflicting pieces of evidence to be produced so as to determine what VAT rate should be applied to these digital goods sales. EU sellers may validate the VAT number of a buyer residing within the EU Value Added Tax Area using VIES. All EU member states are part of the VAT area. However some areas of member states are exempt areas: Included with the Republic of Cyprus at its 19% rate: Included with the United Kingdom at its 20% rate: Included with France at its 20% rate: Areas