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  • News in brief
    Octav Botner, founder of Nissan UK, has issued a writ against the Inland Revenue for malicious prosecution. The writ also names two former Inland Revenue inspectors; Robert Brown, now with Ernst & Young and John Cawdron, now with Price Waterhouse.
    March 01 1998
  • Taxfax
    McDermott, Will & Emery recruits en masse
    March 01 1998
  • Canadian National Railways turns to US firm
    Canadian National Railways has announced a $3 billion strategic merger with Illinois Central.
    March 01 1998
  • diagram
    EU steers UK group relief rules
    ICI has taken its case for consortium relief to the European Court of Justice. The Advocate-General’s opinion may not satisfy ICI, but it does imply the liberalization of consortium relief for EU businesses. By Murray Clayson of Freshfields, London
    March 01 1998
  • Ernst & Young and KPMG merger crumbles
    Friday the thirteenth of February was a memorable day for Colin Sharman. The global head of KPMG received a telephone call that ended plans to build the world's biggest accounting firm.
    March 01 1998
  • Cravath advises on Homestake acquisition
    Homestake Mining is to form the third-largest gold producer based in North America with the takeover of Australian company Plutonic Resources. The deal is worth £384 million ($640 million). Plutonic is Australia's third-largest gold producer, and the deal is the latest example of consolidation among the country's mining companies.
    March 01 1998
  • Europe maps out tax boundaries of Emu
    On January 29 1998, the under-secretary of finance submitted a letter to the Dutch parliament in which he described the fiscal aspects of the introduction of the Euro. This letter will form the basis for the preparation of relevant legislation. The main conclusions are described below.
    March 01 1998
  • Slaughter & May helps dispose of Spillers
    Switzerland's consumer products group Nestlé is to purchase the Spillers pet food business from UK food group Dalgety. The deal is worth £715 million ($1.2 billion) and is still subject to regulatory clearance. The acquisition will give Nestlé 20% of Europe's branded pet food market.
    March 01 1998
  • Freshfields advise on Scottish Equitable disposal
    Scottish Equitable has disposed of Aegon Financial Services Group to the UK's Life Assurance Holding Corporation for an undisclosed sum.
    March 01 1998
  • FOREIGN INVESTORS BENEFIT FROM 17 NEW TREATIES
    Russia's tax treaty programme continues to evolve rapidly. Russian treaty negotiators have been extremely successful in modernizing Russia's treaties, and as a result 17 new double taxation conventions came into force during 1997.
    March 01 1998
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