All Articles

EU: White Paper heralds major reform of competition enforcement rules

Premium - 01 June 1999

Articles 85 (1) and 86 (new 81 (1) and 82) are already applied in parallel by the Commission, some national authorities and national courts. The additional concurrent jurisdiction in relation to Article 85 (3) (new 81 (3)) is considered by the Commission beneficial to competition as national authorities are better placed to assess restrictions of competition in their markets and procedures before national courts are faster and can result in damages for victims of anticompetitive practices.

Italy’s antitrust authority clears Mannesman/ Infostrada

Premium - 01 June 1999

Italy’s antitrust authority has cleared the proposed acquisition by Germany’s Mannesmann AG of Olivetti’s stake in the Italian fixedline telephone operator Infostrada, part of a larger deal in which Olivetti will sell its current Italian telecommunications holdings to the German company.

Alstom/ ABB

Premium - 01 June 1999

Alstom and ABB, the French and Swiss- Swedish engineering groups, are to pool their power generation business in a new jointly-held company which will have combined sales of 10 billion euros.

Vitamin cartel

Premium - 01 June 1999

Swiss pharmaceutical company Hoffmann LaRoche agreed to plead guilty to leading a world-wide conspiracy to raise and fix vitamin prices, and is to pay the highest ever fine levied by the Department of Justice in a criminal case - US$500 million.

Goodrich/ Coltec

Premium - 01 June 1999

The proposed £1.3 billion merger between US defence companies BF Goodrich and Coltec is still pending five months after its announcement, following concerted efforts by rivals Allied- Signal Inc and Crane Co to block the deal.

EU to investigate Telenor/ Telia

Premium - 01 June 1999

Telecoms merger

Franchising: Franchising legislation in Asia takes its cue from US

Premium - 01 June 1999

The increased regulation of franchising seems at odds with foreign direct investment, something Asia needs now more than ever. Whatever the explanation, franchisors must now maintain a close watch on Asia.

Supermarket enquiry

Premium - 01 June 1999

The UK Competition Commission has launched a 12-month enquiry into claims of profiteering by the UK’s biggest supermarket groups.

UK authority tackles ice cream

Premium - 01 June 1999

The UK’s Competition Commission is investigating the activities of the country’s leading ice cream manufacturers, saying it believes there are both scale and complex monopolies in the industry.

Italian mergers

Premium - 01 June 1999

Merger mania among Italian law firms is growing. Following the merger of law firms Erede, Bonelli and Pappalardo, Carnelutti and Croze Radice & Associati announced in April that they would be joining to form Italy’s largest law firm - an entity with 30 partners and approximately 150 lawyers.