09:22 Jun 21, 2010
4.1.3.1. Consequences to the U.S. Beneficiaries of the Unterbeteiligung
Because the Unterbeteiligung ist a partnership for U.S. tax purposes, the income allocated to the Founder from the KG is reallocated to the U.S. Beneficiaries of the Unterbeteiligung under the allocation formulae as provided in the Unterbeteiligung agreement. (...) Admittedly, this result appears to be disastrous, but please see the two possible avenues of mitigation or obviation described below in paragraphs 4.2. and 4.3. | 
The translation workplace 
peer agreement (net): -1
