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  • New law on insolvency of credit organizations
  • BP Amoco is to buy the Atlantic Richfield Company (Arco) for $26.8 billion.
  • Baker & McKenzie, Freshfields, Sullivan & Cromwell and Davis Polk & Wardwell lead the rankings for privatization issues in 1998, according to tables published in Privatization International.
  • Beleaguered French firm Gide Loyrette Nouel has ousted Xavier de Roux as chairman of its management committee.
  • 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.
  • New York-based firm Anderson Kill & Olick has made 22 partners redundant and is closing its offices in San Francisco and Phoenix
  • The Irish government has taken the first step towards liberalization of the electricity market with a bill to appoint a regulatory commission. Kevin Hoy of Mason Hayes & Curran discusses how the industry will be transformed by the implementation of EU policy
  • UK company Imperial Tobacco has issued its first ever Yankee bond, worth $600 million with the aid of US firms Weil Gotshal & Manges and Brown & Wood.
  • Minneapolis-based firm Dorsey & Whitney has completed more M&A deals in the US than any other 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