All Articles

WorldCom/ MCI

Premium - 01 December 1997

US telecommunications company WorldCom finally put an end to speculation about the future owner of fellow telecoms company MCI with a US$37 billion bid, which included a US$7 billion bid for BT’s stake in MCI.

Merrill Lynch/ Mercury Asset Management

Premium - 01 December 1997

US investment bank Merrill Lynch is attempting to surge ahead of rival global fund managers with its proposed US$3.1 billion takeover of Mercury Asset Management.

Ernst & Young/ KPMG

Premium - 01 December 1997

The announcement of merger plans by Big Six accountants Ernst & Young and KPMG on 20 October sparked off concerns in a variety of quarters.

Reed Elsevier/ Wolters Kluwer

Premium - 01 December 1997

Anglo-Dutch publishing company Reed Elsevier last month agreed a £20 billion merger with Amsterdam-based publishing company Wolters Kluwer.

ITT/ Starwood Lodging

Premium - 01 December 1997

Starwood Lodging, the largest hotel real estate investment trust (REIT) in the United States, announced the signing of a definitive agreement to acquire ITT Corporation, owner of the Sheraton hotel chain, on 20 October.

Merita/Nordbanken

Premium - 01 December 1997

Finland’s largest bank, Merita, and Sweden’s third largest lender, Nordbanken, announced plans for a SKr80 billion merger on 13 October.

New regulatory boundaries for airline alliances

Premium - 01 December 1997

Airline alliances are high on the competition agenda. Michael Reynolds, chairman of the IBA’s Antitrust and Trade Committee, and Richard J Fahy Jr, chairman of the Aeronautical Law Committee, convened a joint session at the 1997 IBA conference in New Delhi and invited representatives of airlines, the EU Commission and the US Department of Justice to debate the application of competition rules to the airline sector. Callum Campbell was there.

New Dutch Competition Act: Culture shock in the Netherlands

Premium - 01 December 1997

Ten years ago the Netherlands was known as the ‘cartel paradise’ of Europe; indeed there are still a disproportionate number of Dutch cases before the European Commission. But over the last decade Dutch business has been faced with a complete change of culture, which has swung from the government-condoned collusion of the 1980s to the point where Parliament has approved an Act thought by many to be the ‘most important piece of legislation this century’, and established an independent authority with real teeth - and the apparent willingness to use them. Fenella Quinn investigates how the Dutch business and legal community is coping.

An interview with William Kist

Premium - 01 December 1997

Sebastian O’ Meara and Fenella Quinn ask the Director General of the new Dutch Competition Authority, the Nederlandse Mededingings Autoriteit what he has in store for corporate and outside counsel.

Brazilian competition: CADE explained

Premium - 01 December 1997

Walter Douglas Stuber and Lionel Pimentel Nobre of Amaro, Stuber e Advogados Associados, São Paulo, chart the history and powers of Brazil’s competition authority CADE (originally, the Economic Defence Administrative Commission), the Brazilian antitrust authority, was established in 1942 by Decree-law 7,666/42, the first Brazilian antitrust directive.