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  • Linklaters & Alliance has advised J Sainsbury on its disposal of Homebase, the sale and leaseback by Homebase to Sainsbury's of a portfolio of properties and the £30 million ($43.6 million) re-investment by Sainsbury's in Homebase. The deal is valued at £969 million.
  • As Ernst & Young snaps up the pick of the law firm practitioners, questions arise over the relevance of the law firm model to international tax work
  • New York soft drink maker PepsiCo is set to acquire Chicago-based Quaker Oats for approximately $13.4 billion, including $760 million of assumed debt.
  • Davis Polk & Wardwell is advising AES Corporation on its acquisition, with EDF International, of a controlling interest in Light Servicos de Electricidade from Companhia Siderúrgica Nacional (CSN) and Reliant Energy Inc.
  • Linklaters has advised Vodafone Group on its acquisition of Eircell mobile phone business from Eircom. The deal was conducted by means of a demerger and a subsequent recommended offer and the transaction is valued at approximately £4 billion ($5.8 billion).
  • David Benson, Hal Hicks and Margaret O'Connor of Ernst & Young LLP in Washington, D.C. provide a round-up of recent US legislative developments, IRS new treaty moves and court cases. Disagreements with the EU and the meaning of "liable to tax" make the news
  • Structuring a demerger to attain maximum tax benefits and to minimize exposure to stamp duty is imperative. Mike Hardwick, John Lindsay and Claire Hopes, Linklaters & Alliance, London, give an insider's guide to the National Power/Innogy deal
  • Intellectual property underpins a good deal of the value of many multinational groups. Exploiting these intangibles across markets offers a key competitive advantage. Mary Walsh of PricewaterhouseCoopers, Dublin explains how
  • The OECD, the Commonwealth, and representatives of Caribbean and Pacific countries have agreed to create a task force to discuss reform in offshore centres.
  • Mexican finance minister, Francisco Gil Diaz, has announced the 2001 Budget. It was approved by congress at the end of December. The Budget paves the way for March talks about broad fiscal reform.