• Banking - Estonia

  New guideline issued to clarify roles of collateral agents and underwriters

  Since most credit institutions (including banks) provide collateral agent services as well as acting as underwriters, the regulation stipulated in the Financial Supervision Authority's latest advisory guideline will introduce some new rules of play. The guideline is built on three pillars: the obligations of the collateral agent, the role of the underwriter and matters related to conflicts of interest.

• Corporate Tax - Canada

  Canada rethinks taxation of US limited liability companies

  The issue before the Tax Court in TD Securities (USA) LLC v The Queen was the rate of branch tax to be paid under the Canada-US Tax Convention by TD Securities (USA) LLC on Canadian branch profits; or in other words, whether and in what circumstances a limited liability company established in the United States is entitled to enjoy the benefits of the treaty in respect of its Canadian-sourced income.

More

• $7 billion disposal

  BP plc CMS Cameron McKenna LLP - Penelope Warne, Eleanor Layton, Stephen Millar; Sullivan & Cromwell LLP - James C Morphy, John Evangelakos, Christine Spillane
  Apache Corporation Slaughter and May - Charles Randell, Philippe Chappatte; Bracewell & Giuliani LLP - Patrick Oxford; Osler Hoskin & Harcourt LLP - Janice Buckingham, RJ Jack Thrasher, Stanley R Ebel, Peter Glossop
  Bank of America Merrill Lynch Davis Polk & Wardwell - Leonard Kreynin, Phillip R Mills
  Citigroup Global Markets Inc Davis Polk & Wardwell - Louis L Goldberg

• $3.5 billion acquisition

  General Motors Corporation Andrews Kurth LLP - Mark S Solomon, Melinda Brunger, Jeff Dodd, Quentin Faust, Christopher Fenelon, Mark Harris, Thomas Popplewell, Lance Schuler, Sharon Ward
  AmeriCredit Corpoation Hunton & Williams LLP - Gregory J Schmitt, Douglas M Berman, Steven Leshin, Scott Austin, Jeffry Blair, Alan Amarcuis@hunton.com
  Leucadia National Corporation Weil Gotshal & Manges LLP - Andrea Bernstein
  The Special Committee of the Board of AmeriCredit Akin Gump Strauss Hauer & Feld LLP - Robert Dockery
  Morgan Stanley
  JP Morgan Securities Inc

More