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  • Germany’s Deutsche Bank confirmed on November 23 that it was in the advanced stages of talks to buy US bank holding company Bankers Trust. The merger would create the world’s fifth-largest fund manager, with $500 billion-worth of assets.
  • A stellar team of law firms has been assembled to represent Exxon and Mobil on their $79 billion merger, the largest in history. The merged company will be known as Exxon Mobil and, with a market value of $250 billion, will be the world’s biggest quoted energy company, ahead of Royal Dutch/Shell Group. The different firms are needed to cover regulatory and antitrust aspects, as well as corporate issues, for the US and the companies’ principal foreign subsidiaries.
  • Growing opportunities abroad for young Canadian lawyers have forced domestic firms to reassess their strategy. Stephen Mulrenan reports
  • News on turnover taxation
  • The Helsinki office of White & Case is advising the Republic of Finland and Sonera Group on the sale of the government’s 21.9% stake in Sonera. The transaction is the largest equity offering to date by a Finnish issuer as a total value of over $1.4 billion.
  • Guernsey law firm, Ferbrache & Co (soon to be renamed Ferbrache Morgan) plans to poach partners from City firms in a bid to compete with other firms on the island. The planned growth has resulted from Ferbrache & Co receiving more work as a result of its alliance with The Bank of East Asia.
  • Firms in Asia are all looking to restructuring to survive but who’s really bringing in the corporate recovery work in the region? Alison Shaw reports from Hong Kong
  • Law 19,589, enacted on November 14 1998, reformed Decree Law 3,475 of 1980 which regulates the stamp tax applicable to documents containing loans and other credit transactions, including foreign loans granted by foreign entities to Chilean companies and individuals.
  • Public offering and private placement under Securities Law
  • Banks prepare for Emu