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  • Baker & McKenzie, Freshfields, Sullivan & Cromwell and Davis Polk & Wardwell lead the rankings for privatization issues in 1998, according to tables published in Privatization International.
  • Following the break-up of Spanish mid-tier firm Mullerat & Roca at the beginning of this year Sebastia Roca has merged his third of the firm to form Roca & Junyent, a new 60-lawyer firm.
  • The Task Force created by the Ontario Securities Commission has released its report on debt-like derivatives recommending legislation for the protection of retail investors. Clint Calder and Ron Schlumpf of CIBC World Markets, Toronto review the proposals
  • Introduction of a bill on alteration of non-competition and non-solicitation clauses
  • Foreign exchange control and the introduction of the euro
  • On April 9 1999 the European Commission gave its approval to the takeover by the French insurer AXA of the UK insurance company Guardian Royal Exchange (GRE).
  • Allen & Overy and Linklaters & Paines are advising on the $13 billion loan Vodafone has secured for its merger with Airtouch.
  • Voidable transactions - law remains uncertain
  • On March 30 1999 the European Commission approved the creation of a joint venture between BT and AT&T.
  • In February 24, the Economic and Social Committee of the EU welcomed a proposal for a minimum effective taxation of interest paid to individuals who are resident for tax purposes in a member state other than the one in which an interest payment is made.