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  • Growth of life insurance business
    The economic stability experienced during the last few years, together with greater interest on the part of individuals in this type of insurance, has accelerated the development of life insurance and related products, in Argentina. International corporations, aware of this development, have started to set up and compete in this new market.
    December 01 1998
  • Wachtell, Lipton advises Vulcan
    New York law firm Wachtell, Lipton, Rosen & Katz is advising Vulcan Materials, a construction company based in Alabama, on its acquisition of CalMat, a Los Angeles construction company. The deal is valued at $890 million.
    December 01 1998
  • Cleary, Gottlieb advises Deutsche Bank
    Deutsche Bank is to acquire Bankers Trust in a transaction valued at approximately $9.7 billion. The move will create the world’s largest financial services company in terms of assets.
    December 01 1998
  • IBC looks to Cameron McKenna
    IBC and LLP, two UK business-to-business publishing groups have announced their decision to merge. The all-share deal will create a group worth £315 million ($503 million).
    December 01 1998
  • Canary Islands: A tax landmark in Europe?
    Several aspects of the Canary Islands tax systems have traditionally differed from the tax regimes applicable in the Spanish mainland. In 1994 the tax regimes of these islands were adapted to modern tax systems with the entry into force of Law 19/1994, of July 6. This has subsequently undergone certain amendments.
    December 01 1998
  • New Tax Developments
    New government measures have just been announced in Brazil, as a result of the turmoil which engulfed the Brazilian economy last month.
    December 01 1998
  • Transfer pricing ruling; Permanent establishments, residency, capital gains tax and double tax agreements
    The Australian Taxation Office (ATO) has recently released a taxation ruling (TR97/20) which explains the acceptable arm's-length methodologies that Australian taxpayers must use for their international dealings.
    December 01 1998
  • Decisions of the highest courts significantly reduce corporate tax burdens
    Supreme Court overrules legality of certain tax resolutions passed by the Kirienko government
    December 01 1998
  • Collective investment offshore funds; Cyprus double tax treaty with Russia
    Collective investment funds or mutual funds have been around for a long time. They offer the opportunity to investors, large and small, who may or may not be acquainted with investment techniques, to pool their funds with the primary aim of spreading their investment risk and obtaining stronger purchasing power. A collective investment fund can either be a close-ended or open-ended fund.
    December 01 1998
  • General Electric and Lockheed Martin tax-free exchange
    General Electric and Lockheed Martin have agreed to a tax-free exchange. General Electric will exchange its holding of Lockheed Martin preferred stock, and some non-core businesses, in return for a wholly-owned subsidiary of Lockheed Martin. The subsidiary owns Access Graphics, LM Aerostructures, and an equity stake in telecommunications service provider, Globalstar.
    December 01 1998
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