All Articles

New VP at French regulator

Premium - 19 October 2001

Senior magistrate Philippe Nasse has been appointed Vice President of the Conseil de la Concurrence, France’s competition regulator. Nasse has been a member of the Conseil since March 1999. He replaces Pierre Cortesse, who has held the vice-presidential post since 1993.

Simpson Thacher launches EU competition practice in London

Premium - 19 October 2001

In response to increased scrutiny of mergers by European regulators, US firm Simpson Thacher & Bartlett is setting up an EU competition practice in its London office. The M&A powerhouse made its surprise announcement last week.

AngloGold targets Australian company

Premium - 12 October 2001

AngloGold, the world’s largest gold producer, has put in a bid for Australia’s largest gold producer, Normandy Mining. The deal could trigger a wave of consolidation in the industry.

Swedish banks blame aborted merger on EU

Premium - 12 October 2001

Sweden’s two largest banks have non-plussed the Competition Commission - by suddenly scrapping their plans to merge. The Commission thought it had until November 16 to rule on the merger of SEB and Forenings Sparbanken (also known as Swedbank). Last week, however, the banks in effect told the EU to forget it.

Charles Rivers announces speakers for October event

Premium - 12 October 2001

Francisco Enrique Gonzalez-Diaz will top the bill of speakers at the Charles Rivers annual conference later this month. The firm announced the conference faculty this week.

Howrey Simon ready for Brussels debut

Premium - 12 October 2001

Howrey Simon Arnold & White has confirmed to GCR that it is on track to open in Brussels by the end of the coming January. GCR broke the news that the competition powerhouse was planning such a move earlier this year.

Commission goes public on GE/Honeywell decision

Premium - 12 October 2001

The European Commission has apparently leaked details of how it reached its negative finding in GE/Honeywell. Parts of the full 138-page ruling — which is not due for official release for some weeks — have appeared in the media. It is not clear how the journalists involved obtained copies of the ruling.

RWE's spending spree reaches US

Premium - 05 October 2001

Germany’s second largest utility company, RWE, is transforming itself into an international multi-utility supplying electricity, gas and water, and it has just announced yet another foreign purchase. This time the versatile company has agreed a US$4.6-billion cash bid and US$3-billion debt assumption for American Water Works, the largest water provider in the United States.

Chilean airline probe draws a blank

Premium - 05 October 2001

On September 26 the Chilean Antitrust Commission took an important step in its investigation of the Chilean airline market, lifting an injunction that has prevented LanChile, a Chilean airline, from undertaking essential restructuring. The move signals that the investigation is all but over.

European Court ruling gives franchisees 'bargaining chip'

Premium - 05 October 2001

The European Court of Justice has recently delivered a ruling with "far reaching implications" for a host of industries including brewing, auto retailing and manufacturing — in fact any sector that regularly requires exclusivity or restrictive behaviour from distributors. From now on, some lawyers say, companies will have to think twice before insisting on restrictive provisions in contracts.