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  • Lawyers in Europe expressed surprise this week as Sullivan & Cromwell hired two of the most high-profile partners in France
  • Officials putting together the three-way merger between Vivendi, Seagram and Canal+ chose to handle most of the tax issues on the deal in-house, fearing details of the transaction might leak out if they hired outside help
  • The Securities and Exchange Commission has announced it is to adopt milder rule amendments regarding auditor independence. The announcement follows months of debate between the organization and the big five accounting firms
  • The Isle of Man’s council of ministers has approved proposals to make the island the first UK tax haven to be removed from the OECD blacklist
  • Tax partner Andrzej Debiec is among six partners poached from Cameron McKenna to join Lovells' Warsaw office. He will set up and lead the tax practice in Warsaw, which will also include one senior and two junior lawyers.
  • The German law firm Rittershaus Wissman & von Rosentiel is to merge with accountancy and tax consultancy firm, Keiper Botzke Berger and Berizzi in January 2001.
  • The EU Commission has proposed a series of rules to harmonize and modernize value-added tax (VAT) invoicing in the EU. The proposals take on board the findings of a study carried out last year by PricewaterhouseCoopers.
  • Malta's Finance Minister John Dalli has announced a budget aimed at increasing government revenue and bringing Malta closer to the EU.
  • Arnold & Porter has poached Jones Day Reavis & Pogue's head of international tax, Richard Andersen, for its New York office.
  • Portugal is in the process of enacting changes aimed at equalizing its personal taxation regime, and making it a more attractive base for foreign investors. Fernando Brás, Ricardo Borges and Lisete Duarte, of Ernst and Young, Lisbon investigate