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  • GTE calls on O’Melveny & Myers
    US telecoms companies GTE and Bell Atlantic are to merge. The deal will create a company worth approximately $121 billion.
    August 31 1998
  • Amvescap calls on Debevoise & Plimpton
    Amvescap, the UK financial services and management group, has made two offerings of notes on the London stock market. The offerings are valued at $250 million and $400 million.
    August 31 1998
  • NEW AUSTRIA-GERMANY TREATY NEGOTIATED
    Financial authorities in Austria and Germany have continued negotiations over the new double tax treaty of May 1998. Representatives of the Austrian Ministry of Finance have already disclosed the most important changes to the existing double tax treaty that the authorities were able to agree on. Although the negotiations have not yet been finalized in all aspects, it is likely that the following changes will be effective from the tax year 2000.
    August 31 1998
  • ICI v Colmer encourages EU cross-border joint ventures
    The recent European Court of Justice (ECJ) decision in ICI v Colmer follows principles in earlier ECJ cases, ie that UK direct tax law is subject to the Treaty of Rome, and where it contravenes the principle of freedom of establishment (non-discrimination), taxpayers have recourse to Community law.
    August 31 1998
  • France: a wake-up call for taxpayers
    New Administrative Principles on transfer pricing documentation will mean substantial exposure for taxpayers lacking an appropriate defence strategy. Gianmarco Monsellato of Deloitte & Touche, Paris advises taxpayers on how to survive in a harsh climate
    August 31 1998
  • US planning for ACT – part one
    US-based multinationals represent the largest proportion of companies investing in the UK. How will substantial changes to the UK advance corporation tax system affect these companies? By Lawrence Pollack, David Porter, and Frances Corrie, KPMG New York and London
    August 31 1998
  • Freshfields and Wachtell, Lipton win Amoco deal
    UK firm British Petroleum is to merge with US oil company Amoco in the world's largest industrial merger. The new company will be known as BP Amoco and will be worth around $110 billion. The equity split will be 60% to BP shareholders and 40% to Amoco shareholders.
    August 31 1998
  • Inco turns to Sullivan and Cromwell
    Inco of Canada, the world's largest nickel producer, has agreed to sell its alloys operation to Special Metals of the US for around $408 million. The deal is part of Inco's sale of non-core assets to pay debts.
    August 31 1998
  • ATL consults Cravath, Swaine & Moore
    Philips, the Dutch electronics company, is to acquire US medical company ATL Ultrasound in an $800 million deal.
    August 31 1998
  • Euro stars: the leading tax advisers
    Lawyers are following accounting firms into global networks and accounting firms are following lawyers in to legal services. Phillippa Cannon and Oliver Ralph try to make sense of the tax merry-go-round and find out which advisers in Europe are coming out on top
    August 31 1998
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