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  • Mayer, Brown and Platt
    Mayer Brown and Platt is advising UK-based GEC on the takeover of Reltec, a US telecoms products producer. GEC are paying $2.1 billion for Reltec, and also assuming $361 million of debt.
    April 30 1999
  • Launch of Ecological Taxation in Germany
    The energy tax increases contained in the new tax legislation (see International Tax Review April 1999) potentially represent more than just a rise in existing excise taxes and, in the case of electricity, the introduction of a new one. In the eyes of their proponents, they are the start of an ambitious programme of ecological tax reform.
    April 30 1999
  • Austrian Government agrees tax reform 2000
    On March 23 1999 the Austrian coalition. government reached political agreement on the essence of the tax reform for 2000. The following text introduces the subject and takes into account the opinion of the Federal Ministry of Finance on how to implement the political agreement.
    April 30 1999
  • International Tax Review available daily on the Internet
    The Lawmoney.com website, the daily news service that is a sister to International Tax Review, has been redesigned and improved. The quality information and news that you expect from ITR is now easily available daily on the website.
    April 30 1999
  • Derouin leaves Gide for international attractions
    Beleaguered French law firm Gide Loyrette Nouel has asked its management team to step down, following the exodus of six more partners, including tax partner Philippe Derouin.
    April 30 1999
  • Sullivan and Cromwell in Arco/Amoco deal
    US firm Sullivan and Cromwell are advising BP Amoco on the takeover of the Atlantic Richfield Company (Arco). The acquisition will be made through a stock swap and is valued at $26.8 billion. The combined company will have a market capitilization of arounds $190 billion. Tax partner Willard Taylor, from Sullivan and Cromwell’s New York office, worked on the deal for BP Amoco.
    April 30 1999
  • Three firms in Birmingham development deal
    Herbert Smith, Nicholson Graham & Jones and Nabarro Nathanson are advising the Birmingham Alliance on the redevelopment of Birmingham in the UK. The Birmingham Alliance is the title given to three limited partnerships who will invest £800 million (1.3 billion) redeveloping the Bullring and other buildings in the city. The companies involved; Hammerson PlC, Henderson Investors, and Land Securities, aim to pool their existing investments and coordinate redevelopment of the area.
    April 30 1999
  • O Bondo Svane in Nordic merger
    Danish law firm O Bondo Svane is advising financial services group Unidanmark on its merger with insurance company Tryg-Baltica. The deal will create one of the largest asset management groups in the Nordic region. The new company will be known as Unidanmark A/S, managing Dkr250 billion ($36.8 billion) worth of assets. The transaction will integrate Tryg Baltica’s central insurance organization and Unibank’s (a subsidiary of Unidanmark) insurance companies.
    April 30 1999
  • Davis Polk advises as Comcast acquires again
    Comcast, the Philadelphia-based cable-television company, is continuing its aggressive acquisitions policy by buying MediaOne Group.
    April 30 1999
  • Freshfields’ Netherlands gain is Stibbe’s loss
    UK law firm Freshfields has opened an office in Amsterdam, and recruited four lawyers from major Dutch firms. Three of the lawyers are from Stibbe Simont Monahan Duhot, including tax specialist Charles Langereis. The remaining lawyer is from de Brauw Blackstone Westbroek, the Dutch Linklaters & Alliance member.
    April 30 1999
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