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By Ralph Cunningham

Deloitte and Mintz & Partners concluded a merger in January. The two firms both have dedicated tax practices. Their overlap comes in the growing business market.

Marc Quaghebeur, Vandendijk & Partners, argues that a recent court ruling paves the way for Flanders to be a retirement haven for entrepreneurs

CRA International, the US-based transfer pricing specialist, has announced substantial transfer pricing growth and appointed a series of new directors.

Type of Deal Value Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Disposal $14 billion Lafarge Cement Group Cement arm of Orascom Construction & Industries (OCI) KPMG, Abdelhamid Attalla Acquisition $8.5 billion Oracle BEA Systems Latham & Watkins Wachtell, Lipton, Rosen & Katz, T Eiko Stange, Michael Sabbah Acquisition $4 billion Bank of America Countrywide Financial Cleary Gottlieb Steen & Hamilton, Leslie Samuels, William McRae, Corey Goodman Wachtell, Lipton, Rosen & Katz, Joshua Holmes Acquisition £1.78 billion ($3.5 billion) North West Electricity Networks United Utilities Electricity Ashurst, Nicholas Gardner Slaughter and May, Graham Airs, Edward Denny Acquisition $3 billion Turbo Alpha Abbot Group Slaughter and May, Gareth Miles, Timothy Woodthorpe Pinsent Masons Acquisition $2.7 billion Rank Group, New Zealand Alcoa (Flexible Packaging, Closure Systems International, Consumer Products & Reynolds Food Packaging divisions) Debevoise & Plimpton, Michael Bolotin (US) Cravath, Swaine & Moore, Stephen Gordon, Christian Brause Acquisition $2.65 billion CommScope Andrew Corporation Fried Frank Harris Shriver & Jacobson, Joel Scharfstein Mayer, Brown, Thomas Bottomlee, Denise Lopez Acquisition $2.65 billion Agrium UAP Holding Blake, Cassels & Graydon Wachtell, Lipton, Rosen & Katz, Jodi Schwartz Acquisition $1.3 billion Bain Capital Partners Bright Horizons Family Solutions Ropes Gray Shearman & Sterling, Bass, Berry & Sims, Curtis Fisher Acquisition $1.3 billion Blackstone Group & Wellspring Capital Performance Food Group Simpson, Thacher & Bartlett Bass, Berry & Sims Acquisition $1 billion Sun Microsystems MySQL Wilson, Sonsini, Goodrich & Rosati, Ivan Humphreys & Elaine Marshall Fenwick & West, Ron Schrotenboer;Timothy Fitzgibbon Acquisition $970 million Credit Suisse Asset Management Norwich Union Trust Linklaters, Jonathan Evans, James Morgan In house counsel Acquisition $930 million Blackstone Group GSO Capital Partners Simpson Thacher & Bartlett, John Hart, Kurt Dudas, Rian Balfour, Deloitte & Touche, James DeJesus, Charles Schramm Schulte Roth & Zabel, Philippe Benedict, Andre Weiss, Steve Fredman Acquisition $850 million Yildiz Holding (Turkey) Godiva Chocolatier Weil, Gotshal and Manges, Kim Blanchard, Andrew Gaines Davis, Polk & Wardwell, Harry Ballan, Raymond Holst Acquisition $620 million Continental Energy Systems PNM Resources Cravath, Swaine & Moore, Michael Schler, Leonard Teti Troutman Sanders, Saba Ashraf Acquisition $525 million Avista Capital Partners Bristol-Myers Squibb Stikeman Elliott; Weil, Gotshal & Manges Cravath, Swaine & Moore Acquisition $450 million BAE Systems MTC Technologies Cravath, Swaine & Moore, Lauren Angelilli, Christopher Fargo Jones Day Acquisition e263 million ($387.6 million) Lion Capital AS Lathouwers SJ Berwin (UK), PricewaterhouseCoopers Acquisition £160 million ($313.4 million) Epicor Software NSB Retail Systems Travers Smith CMS Cameron McKenna Acquisition £144 million ($282 million) Cooper Controls MTL Instruments Group DLA Piper CMS Cameron McKenna Acquisition $265 million Ticketmaster TicketsNow O'Melveny and Myers, Brad Okun Perkins Coie, Bryan Smith, Lisa McGimpsey, Neal Hudders Acquisition $260 million NYSE Euronext Amex Wachtell, Lipton, Rosen & Katz, T Eiko Stange, Michael Sabbah Milbank, Tweed, Hadley & McCloy, Paul, Weiss, Rifkind, Wharton & Garrison Acquisition $250 million Citizen Watch Bulova Paul, Weiss, Rifkind, Wharton & Garrison, Jeff Samuels, Alyssa Wolpin, David Levine Acquisition e160 million ($232 million) The Carlyle Group & Mercapital Arsys Ernst & Young Lovells, Miguel Baz Acquisition $213.9 million Jinchuan Group Tyler Resources Davies, Ward, Phillips & Vineberg, Ian Crosbie & Duncan Osborne (Canada) Burnet, Duckworth & Palmer, David Ross Acquisition $163.6 million Hikma Pharmaceuticals Arab Pharmaceutical Manufacturing Company (APM) Ashurst Ernst & Young Acquisition e110 million ($162.1 million) Aberdeen Asset Management DEGI (real estate investment company of Dresdner Bank) Nörr Stiefenhofer Lutz, Georg Renner In-house counsel Acquisition $82 million Taiwan Semiconductor Manufacturing Atmel North Tyneside Simmons & Simmons, Nick Cronkshaw, Darren Oswick Herbert Smith, Howard Murray Acquisition $20 million Arasor International Novalux O'Melveny & Myers Acquisition £4.31 million ($8.47 million) London Town GRS Inns Mishcon de Reya, David Blumenthal Birketts Acquisition Undisclosed Nyesa Gestión Inbesòs Uría Menéndez, Cándido Paz-Ares, Guillermo San Pedro, Ana Pérez Escudero Icf Bufete Jurídico Fiscal Acquisition Undisclosed Baird Capital ESS Steel Eversheds, David Smith HLW, Andrew Hartley, Roger Dyson Acquisition Undisclosed Carillion Alfred McAlpine Slaughter and May, Steve Edge, Ruth Evans; Davis Polk & Wardwell CMS Cameron McKenna Acquisition Undisclosed The Royal Bank of Scotland and Bayerische Hypo- und Vereinsbank Allianz Freshfields Bruckhaus Deringer, Christian Sistermann Gleiss Lutz Type of Deal Value Issuer/borrower Lead managers/arrangers Adviser to issuer/borrower (tax) Adviser to lead managers (tax) IPO $3 billion Eurasian Natural Resources Deutsche Bank Jones Day, Blaise Marin-Curtoud Cleary Gottlieb Steen & Hamilton, Richard Sultman, Russell Jones IPO $185 million NetSuite Credit Suisse Securities (US) Simpson Thacher & Bartlett, Benjamin Applestein IPO $170 million Mermaid Maritime BNP Paribas Capital & DBS Bank Baker & McKenzie Clifford Chance

Dybala quits telecoms company Ray Dybala is looking forward to passing on 30 years of tax knowledge to members of Mayer Brown's tax controversy and transfer pricing practice.

Fenwick & West has announced that it has elected six associates to join the partnership, from January 1. Andrew Kim is a member of Fenwick's tax group. He represents a wide variety of public and private companies in international and domestic tax matters, including both tax planning and tax controversy.

Michel Aujean Michel Aujean's new role will be to work with French companies on how they should respond to proposals to harmonise corporate tax rules throughout the EU, which are due in September this year.

Sean Foley The IRS Large and Midsize Business Division (LMSB) has issued an industry directive (LMSB-04-0907-063) on Internal Revenue Code (IRC) section 965 foreign earnings repatriation.

Edward Tanenbaum On November 28, the Treasury department office of tax policy released its long-awaited "Report to the Congress on Earnings Stripping, Transfer Pricing and US Income Tax Treaties" (report). The report contains the results of the Treasury department's analysis of three studies on earnings stripping, transfer pricing and income tax treaties and provides recommendations on how the government can reduce abuse of US tax laws and treaties and improve their effectiveness in preventing income shifting that erodes the US tax base. The report portends additional enforcement efforts and coincided with a proposal for some new information gathering on international transactions.