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  • US-UK eye treaty renegotiations
    Both the US Treasury Department and the UK Inland Revenue have announced that they will schedule meetings early next year for the purpose of renegotiating the existing income tax treaty, which has been in effect since 1975.
    February 01 1999
  • Letter to the editor
    From: Steve Towers Partner, Deloitte Touche Tohmatsu, Melbourne, Australia.
    February 01 1999
  • PricewaterhouseCoopers merges in Spain to compete with Garrigues & Andersen
    Following in the footsteps of its competitor Arthur Andersen, which in 1997 merged with Spanish law firm J&A Garrigues, PricewaterhouseCoopers has announced a merger with the Madrid office of Spanish law firm Mullerat & Roca. "The system of Garrigues & Andersen is the right way to increase our presence in the legal market," says Antonio Lewis Vañon, head of the legal practice at PricewaterhouseCoopers.
    February 01 1999
  • Deals 1998: a behind the scenes guide - Sumitomo’s Aurora CLO
    The London branch of The Sumitomo Bank, Limited completed its Aurora corporate loan securitization in April 1998. Many corporate loan securitizations (otherwise known as collateralized loan obligations, or CLOs) involve complicated structures.
    February 01 1999
  • Skadden, Arps in Silicon Sale
    Skadden, Arps, Slate, Meagher and Flom is assisting internet service provider America Online in its acquisition of Netscape.
    February 01 1999
  • Akin, Gump advises Clear Channel
    US radio and television company Clear Channel Communications is acquiring Jacor Broadcasting of Colorado. The deal is valued at $4.4 billion.
    February 01 1999
  • Lovell White Durrant claims insurance deal
    The London office of Lovell White Durrant is representing Australian insurance group AMP in a deal valued at £2.7 billion ($4.3 billion).
    February 01 1999
  • Temporary reprieve from Michigan taxes
    The US state of Michigan has granted foreign businesses a brief respite from recent harsh tax changes. But this temporary measure may not be enough to appease Canadian companies who are calling for an exemption from the new rules.
    February 01 1999
  • Allen & Overy wins Gide partners. Gide cries foul
    French law firm Gide Loyrette Nouel is reeling from the shock of losing six of its partners to UK law firms. Among them was tax partner Siamak Mostafavi, who has become Allen & Overy's first tax partner in Europe.
    February 01 1999
  • Linklaters and Freshfields scoop British Aerospace deal
    British Aerospace has made an agreed £7.8 billion ($12.48 billion) bid for General Electric's defence group, GEC Marconi. The stock and debt acquisition will create the world's third-largest defence company.
    February 01 1999
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