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  • Non-US firm first at New York State Bar
    Freshfields' New York partner Robert Scarborough has been elected chair of the tax department at the New York State Bar Association (NYSBA). It is the first time that a non-US firm has provided the association's tax section with its chairman.
    March 31 2000
  • Fiamma joins Allen & Overy
    His move highlights a key element in the changing face of London law firms
    March 31 2000
  • Northern Rock relies on Allen & Overy for £750 million mortgage securitization
    Mortgage bank, Northern Rock, achieved the second phase of its planned £1.5 billion ($2.35 billion) mortgage securitization with a £750 million issue of floating rate notes.
    March 31 2000
  • Cap Gemini acquires Ernst & Young management consulting arm
    Ernst & Young used five law firms around the world in the sale of its global management consulting group to Cap Gemini. The sale still has to be approved by Ernst & Young partners, requiring a qualified majority of all partners and at least 75% of the management consulting group's partners to give their consent. The results should be known in April.
    March 31 2000
  • Covington & Burling coordinates software merger
    The success of Computer Associates' $4 billion stock-for-stock acquisition of Sterling Software makes this the largest software deal ever.
    March 31 2000
  • Quintus turns to Davis Polk
    The Californian internet group Quintus Corporation is to buy the e-mail management company Mustang.com.
    March 31 2000
  • EU air fuel tax outrages industry
    European finance ministers have agreed to discuss proposals for an air fuel tax on commercial aircraft. An ECOFIN (European Economic and Financial Affairs) council meeting on March 14 listened to European Commission (EC) plans for the tax, which would levy anything from 10-245 euros per 1000 litres of aviation fuel.
    March 31 2000
  • UK updates three-way split
    The UK does not have a single thin capitalization code, but recent additions to the tax rules significantly change the regime. David Hughes of Allen & Overy, London evaluates the three techniques used by the UK to combat thin capitalization
    March 31 2000
  • Tax treaty between Sweden and China
    The Swedish government has proposed that the parliament accepts certain changes to the tax treaty between Sweden and the People's Republic of China.
    March 31 2000
  • Recent tax developments
    Advance ruling
    March 31 2000
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