European Banks Stop Serving American Customers

European banks are dumping clients with US citizenship due to a new American law meant to curb tax evasion. The law would require financial institutions around the world to report on certain client activities. Compliance, say many banks, is way too expensive, Spiegel Online reported. The idea was to ensure that US citizens were paying their taxes on investments made through overseas banks.
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Behind the Headlines — A Closer Look at Antitrust Reverse Termination Fees

Perhaps no topic has engendered more conversation among dealmakers in recent months than the allocation between merging parties of the risk of obtaining antitrust approval of a proposed acquisition. With the increase in strategic combinations and the expectation of a more robust regulatory environment under the current administration, many recent merger agreements feature painstakingly negotiated provisions to address these risks.Read more

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When Dust Settles, How Much Of The World Will China Own?

The world's banker One wonders what the world will look like when the music stops, The Globe and Mail reported. China, the economic engine of the post-recession era, has already been on a buying spree, striking deals around the world largely in the resources sector. It's also the biggest foreign holder of America's debt, and has helped buoy other countries and companies.
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The Quest For Jobs

A little geographical imagination helps to convey the scale of joblessness in the West. If the 44m people who are unemployed in the mainly rich members of the OECD lived in one country, its population would be similar to Spain’s. In Spain itself, which has the West’s highest jobless rate (21%), the number of people without work matches the combined population of Madrid and Barcelona. In America the 14m people officially jobless would form the fifth-most-populous state in the union.
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Nortel reaches Court of Appeal

On 10 December 2010, the High Court gave judgment in a joint application by the administrators of certain companies in the Nortel and Lehman estates for directions on the status of any financial support direction (FSD) or contribution notice (CN) issued to the companies in administration or any subsequent liquidation (Bloom & Others v.
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