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  • Henry An Jin-Young Lee Revisions have been made to several South Korean tax laws. Some of the most significant revisions are:
  • Lowering taxes to attract investment is not just the preserve of nations. Regional rivalries within federal states can cut an international taxpayer's costs. But as Claire Jones and Catherine Snowdon found out, different regional regimes can also make life a lot trickier
  • Marcel Widrig and Samuel Bussmann of PricewaterhouseCoopers outline how changes to Swiss fiscal law affect the country's position as a favourable tax environment
  • By Barbara Brauchli Rohrer and Samuel Bussmann of PricewaterhouseCoopers
  • By Radoslaw Czarnecki, Maciej Grzymala and Joanna Galeza, Accreo Taxand, Poland
  • By Tobias Lintvelt, Kazuhiro Mukaida and Rhett Shaver, Ernst & Young, Japan
  • By Lars Lawall, PricewaterhouseCoopers
  • By Alan Granwell and Robert Rothman of DLA Piper
  • By Jean-Blaise Eckert and Heini Rüdisühli, Lenz & Staehelin
  • Type of deal Valuer Acquirer Target Adviser to acquirer (tax) Adviser to target (tax) Acquisition £479 million ($930 million) David Richards (UK), John Sinders (US), Investment Dar Company and Adeem Investment Company (Kuwait) Aston Martin (UK) Clifford Chance (UK) Skadden (Tim Sanders, Charlotte Fallon, UK) Acquisition $311.5 million Investcorp (Bahrain) Moody International (US) PricewaterhouseCoopers KPMG (Tom McGinness, Mark Cowland, Laura Keer, UK) Acquisition $275 million Star Capital Partners (UK) General Electric Commercial Aviation Training (US) Norton Rose Weil Gotshal & Manges (Jane Scobie, UK) Acquisition $135 million Cisco Systems (US) Reactivity (US) Fenwick & West (Ron Schrotenboer, US) Merger $100 million BZ Acquisition Corp/ Steel Partners II (US) Bairnco (US) Olshan Grundman Frome Rosenzweig & Wolosky (US) Debevoise & Plimpton (Gary Friedman, US) Acquisition £297 million ($577 million) Impala Platinum (South Africa) African Platinum (South Africa) Bell Dewar (South Africa) Linklaters (UK) Simmons & Simmons (Nick Cronkshaw, Darren Oswick, UK) Acquisition KD 1.1 billion ($3.8 billion) Qtel (Qatar) Wataniya Telecom (Kuwait) Trowers & Hamlins (Bahrain) Weil Gotshal & Manges (UK) Acquisition £1.01 billion ($1.96 billion) Apollo Management (US) Countrywide (UK) Slaughter and May (UK) Ashurst (Alexander Cox, UK) Acquisition $9.6 billion BBVA (Spain) Compass Bancshares (Spain) Cleary Gottlieb Steen & Hamilton, Garrigues (Spain) Uría Menéndez (Rafael Vargas, Rafael Fuster, Spain) Acquisition attempt £715 million ($1.39 billion) Castle Bidco (UK) Crest Nicholson (UK) DLA Piper Linklaters Acquisition $3.2 billion Cisco Systems (US) WebEx (US) Fenwick & West (Ron Schrotenboer) Pillsbury Winthrop Shaw Pittman (US) Acquisition undisclosed Microsoft (US) TellMe (US) K&L Gates (US) Fenwick & West (Ron Schrotenboer, Tim Fitzgibbon, US) Type of deal Value Issuer/Borrower Lead managers/ lenders Adviser to issuer/borrower (tax) Adviser to lead managers (tax) Debt placing $800 million Shire (UK) Morgan Stanley (US), Goldman Sachs (US), Deutsche Bank (Germany) Slaughter and May (UK), Davis Polk & Wardwell (US) Fund closing $12 billion Providence Equity Partners (US) n/a Debevoise & Plimpton (Adele Karig, Rafael Kariyev, US) n/a Financing agreement €500 million ($666 million) Renta Corporación (Spain) SCH (Spain), Eurohypo (Germany), Fortis Bank (Belgium) Uría Menéndez DLA Piper Bond issue $2.53 billion Aldar Properties (Jersey) Barclays Capital (UK), Credit Suisse (Switzerland), National Bank of Abu Dhabi (UAE) Clifford Chance (UAE and UK)/Simmons and Simmons (UAE) Denton Wilde Sapte (UAE and UK) Placing £570 million ($1.11 billion) Mecom Group (UK) Hoare Govett (The Netherlands), Cenkos Securities (UK), Numis Securities (UK) Freshfields (UK) Ashurst (UK)