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  • Digby Jones, director general of the Confederation of British Industry, has called for UK chancellor Gordon Brown to extend research and development tax credits, to offer tax incentives to investment trusts and venture capital groups that support UK technological development, and to extend 100% capital allowances for small and medium-sized communications technology companies.
  • Recovery of sums paid but not due – National procedural rules – Capital duty levied in respect of a merger.
  • Effective January 2001 Toronto law firm Davies Ward & Beck and Montreal firm Philips & Vineberg will be re-branded Davies Ward Phillips & Vineberg. The combined firm of more than 200 lawyers represents the first Canadian combination of tier one business law firms. The merger was initiated to create "the greatest concentration of business and tax law specialists in Toronto and Montreal," said William O'Reilly, managing partners at Davies Ward & Beck.
  • The financial services group Collins Stewart Holdings has turned to SJ Berwin & Co for advice on the placing of 32.6 million ordinary shares. The deal values the company at £326 million and admits it to the official list of the London Stock Exchange. Collins Stewart Holding conducts institutional and private client stockbroking, market making, corporate finance, fund management and the supply of on-line financial information. London partner Dominic Adams of SJ Berwin and partner Elizabeth Burnie of Deloittes, also in London, advised Collins Stewart on tax matters.
  • Clayton Utz has added two tax specialists as the Australian firm boosts its corporate tax team. Mark Friezer joins Clayton Utz in Sydney from Deutsche Bank, where he has worked in the investment banking division on privatization, and project and structured finance deals. Mark Poole joins the Melbourne office from PricewaterhouseCoopers, where he has been a partner in the taxation services group for 10 years.
  • Cleary, Gottlieb, Steen & Hamilton has raided Jeantet & Associés, following the collapse of merger talks between the French firm and White & Case. Tax specialist Pascal Coudin will join Cleary's Paris office in January, increasing the local tax practice to 11 lawyers, with 25 specialists across Europe. Coudin focuses on domestic and international tax work in M&A, joint ventures, and restructurings.
  • Mounting opposition to June Green Paper
  • US firm Shearman and Sterling has strengthened its leasing practice by recruiting tax and leasing specialist Stephen Millman from Fulbright & Jaworski
  • Davis Polk & Wardwell’s New York corporate team is representing Fed Ex Corporation in its $1.2 billion bid to acquire commodities carrier American Freightways
  • November 16 — Australian firm Freehills is strengthening its domestic tax capability, hiring four lawyers from local rival Blake Dawson Waldron. Tax specialist John Morgan joined as a partner on November 1. Tim Neilson will also become a Freehills partner when he moves from Blake Dawson in February 2001. Esther Iachellini and Rachel Oldfield are also to join the firm.