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  • The German Supreme Tax Court has overturned a recent decision by a lower court on the treatment of trademark royalties. Thomas Borstell and Oliver Wehnert of Ernst & Young's Transfer Pricing Specialist Group in Düsseldorf, report on the court's findings
  • An insider's guide to four of the more interesting transactions of 2000
  • The UK media company Carlton Communications has announced that contracts have been signed with Thomson for the proposed disposal of Technicolor. The transaction values Technicolor at $2.1 billion and is subject to shareholder approval.
  • Norway's ruling Labour Party and the central coalition have agreed on Budget amendments for 2001. The main amendments are described below.
  • Michael Walutes has joined Morgan Lewis & Bockius in New York as a partner in the tax practice group. He was formerly special counsel at Sullivan & Cromwell, also in New York.
  • Swiss food company Nestlé is buying the US pet food company Ralston Purina for $10.1 billion.
  • Allen & Overy is advising Sanitec Corporation, the Finnish manufacturer of bathroom ceramics, baths and showers on its £82 million ($120 million) purchase of Caradon Bathrooms from HSBC Private Equity.
  • 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.