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Maersk/ SCL

Premium - 01 June 1999

Leading shipping firm Maersk is to merge with South African Marine lines.

Shareholders approve Exxon/ Mobil

Premium - 01 June 1999

Shareholders of Exxon Corp and Mobil Corp have overwhelmingly approved their planned US$81.2 billion merger to set up the world’s largest oil company.

AirTran to complain about Delta

Premium - 01 June 1999

Following the Justice Department’s recent antitrust suit against American Airlines, commuter airline Air- Tran is lodging a complaint with the DoT and the DoJ about what it sees as unfair competition by its much bigger rival Delta.

Microsoft trial set to resume

Premium - 01 June 1999

As we went to press, the Microsoft trial was due to resume, with the software giant expected to highlight recent changes in the industry - notably the marriage of AOL and browser rival Netscape - to show that there is in fact healthy competition in the industry.

Australia: ACCC conducts public inquiries into the declaration of telecoms services

Premium - 01 June 1999

Part XIC of the Trade Practices Act 1974 establishes an access regime which allows third parties to gain access to services that are necessary inputs in providing telecommunication services to endusers. Under the regime, the ACCC can declare carriage services and services which facilitate the supply of carriage services. These services are known as ‘eligible services’. The ACCC is in the process of conducting a number of public inquiries into whether to declare certain eligible services under Part XIC of the Act. Should the ACCC make the declarations, the rules and regulatory processes in Part XIC of the Act will apply to the eligible services covered by its decisions.

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: 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.

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.

Antitrust searches for 'middle ground'

Premium - 01 June 1999

At the ABA Section of Antitrust Law Spring Meeting in Washington DC a number of sessions, fortunately few in the pre-breakfast slot, stood out from the rest by adopting an international perspective. Sebastian O’Meara and Maija Pesola report