Search results for

BMR Advisers has expanded its presence in India by combining with K Ravi, a tax advisory and controversy firm in Chennai. The announcement from the firm said the K Ravi employees joining BMR will further enhance its capabilities in the area of direct and indirect tax advisory and assist in augmenting its tax controversy practice at a national level.

On October 7 2008, the Norwegian government presented its proposed fiscal budget for 2009. The red-green coalition government has the majority in parliament. Hence, we expect that the proposed changes to the Norwegian tax system will be adopted without significant modifications.

By Joanna Faith

Antonello Lupo and Francesco Nardacchione of Norton Rose outline a recent clarification of the taxation of foreign funds investing in Italy

Welcome to the special feature on Italy in the November issue of International Tax Review.

Tax directors are under pressure during this economic downturn. Business managers are looking to them to manage their departments as efficiently as possible. Companies are striving to generate cash from anywhere and then to hold on to it while the economy is weak.

A monthly commentary on the notable facts, figures and goings-on in the tax world, so called to give you a gentle exit from International Tax Review each month

Stephen Timms has been appointed the new financial secretary at the UK Treasury.

The Confédération Fiscale Européenne (CFE), the umbrella organisation of the tax adviser profession in Europe, has appointed Stephen Coleclough as president.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition $9 billion Mitsubishi UFJ Financial Group Morgan Stanley Mori Hamada & Matsumoto Sullivan & Cromwell Acquisition $1.9 billion Banco Santander Sovereign Bancorp Davis Polk & Wardwell, Michael Mollerus & Joshua Ruland Sullivan & Cromwell Share deal £325 million ($437 million) Capvis Equity III Koenig Verbindungstechnik KPMG, Switzerland; Peter Uebelhart, Susanne Schreiber Private Equity LBO (public to private) £189 million ($325 million) Baring Private Equity Asia Nord Anglia Education KPMG, Neil O'Brien, Adrian Crouch, Daniel Grant, Lucas Georgiadis N/A Stock purchase $350 million First Reserve Reliant Energy Simpson Thacher Merger $173.5 million Electro Scientific Industries Inc Zygo Corp Needham and Company Goldman Sachs Acquisition £88.5 million ($120 million) Barclays Private Equity France Aerocan France SAS SJ Berwin Acquisition £70 million ($122 million) Centrica Caythorpe Gas Storage Herbert Smith, Isaac Zailer & Jaspal Pachu Linklaters Acquisition £37 million ($66 million) Lyceum Capital Carewatch, Healthcare Group's social care franchise business Travers Smith Eversheds, Caspar Fox Acquisition £36 million ($49 million) Columbus McKinnon Pfaff Beteiligungs Lovells, Stephan Geibel & Falk Loose Acquisition £20 million ($35 million) Idex Corporation Integrated Environmental Technology Group Deloitte Hackett & Windell Merger Undisclosed Wells Fargo Wachovia Wachtell, Lipton, Rosen & Katz, Joshua Holmes Acquisition Undisclosed Oracle Corporation Primavera Software Davis Polk & Wardwell, Rachel Kleinberg & M. Ryan LaRosa Acquisition Undisclosed Solis Women's Health Women's Imaging & Wellness RSM McGladrey Acquisition Undisclosed A subsidiary of Alliance Boots Holdings megapharm Hengeler Mueller, Ernst-Thomas Kraft Type of Deal Value Issuer/borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Share issuance $375 million PPL Electric Utilities Corp BNP Paribas Securities, Barclays Capital Markets, Lazard and Scotia Capital In house counsel Bond offering $1 billion Export Development Canada Credit Suisse Securities (Europe), HSBC Securities (USA), Merrill Lynch International and RBC Capital Markets Davis Polk & Wardwell, Michael Farber & Kevin Brogan