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Despite low volumes, 2012 has been a fascinating year for dealmaking. Controversial deals, such as the long-running battle by Glencore, the commodity trader, to take over Xstrata, have dominated headlines. New frontiers, including Chinese international mergers and acquisitions, have emerged. Anousha Sakoui, the FT's M&A correspondent, is joined by Jan Skarbek, head of investment banking at Citi, Charles Jacobs, a partner at Linklaters and Piers Pritchard Jones, a corporate partner at Freshfields Bruckhaus Deringer, the law firms, to review the year in dealmaking and to look ahead at trends for 2013.

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