News

Stanbrook & Hooper gains three

Premium 01 October 1999

Brussels boutique firm Stanbrook & Hooper have named three new additions to their EC and Trade law practice.

American Antitrust Institute calls for increased funding

Premium 01 October 1999

The American Antitrust Institute has sent a letter to US senators and members of Congress on behalf of several US organisations asking that funding for the Department of Justice Antitrust Division and the Federal Trade Commission be increased as a matter of urgency.

New antitrust heads for: New Zealand

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John Belgrave has taken over as the new chairman of the New Zealand Commerce Commission.

New antitrust heads for: Germany

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Ulf Boege is to take over as President of the German Federal Cartel Office on January 1 2000, following the retirement of Dieter Wolf.

New antitrust heads for: EU

Premium 01 October 1999

Mario Monti, the former EU Commissioner for the Internal Market, has taken office as the new EU Competition Commissioner.

Ashlands/ Superfos

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Ashlands Inc, a US energy, construction and chemical conglomerate, has launched a bid to acquire Danish construction company Superfos A/S.

WestLB state aid decision to be appealed

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Westdeutsche Landesbank is appealing the July decision by the European Commission that the increase in capital of WestLB in the amount of Dm5.9 billion through integration of the Wohnungsbauforderungsanstalt (agency for promoting housing development) involved state aid elements.

BAT/ Imasco

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British American Tobacco is to buy the remaining 58 per cent of Canadian consumer products group Imasco it does not already own and will sell off all the group's subsidiaries apart from the tobacco arm, Imperial Tobacco.

Formula One inquiry and apology

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In an unprecedented move, the European Commission has issued an apology to the Fédération Internationale de l’Automobile for leaking statements to the press in relation to an ongoing investigation into FIA agreements.

Maersk/ SeaLand

Premium 01 October 1999

One of the world’s largest shipping groups is to be created as AP Møller- Mærsk acquires the international liner business of Sea-Land Service Inc for an estimated US$800 million.