• Aviation - Germany

  Industry fears impact of €1 billion air travel tax

  From 2011 airlines will be charged a levy of €13 per passenger for European travel and €26 per passenger for intercontinental travel. The plan has already proved controversial, as the new air travel tax will be imposed on airlines still struggling to return to profitability after the financial downturn and the losses from the Icelandic ash cloud. Moreover, the tax arguably violates Article 15 of the Chicago Convention.

• Competition - Portugal

  Competition Authority prohibits merger following media regulator's opposition

  In the case of concentrations which occur in markets subject to sector regulation, the Competition Authority must request an opinion from the relevant regulator before making a final decision. The media regulator's opposition to an acquisition of joint control of Grupo Media Capital by Ongoing and Vertix led to the authority's first opposition decision based on a negative binding opinion issued by a sector regulator.

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• $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

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