All Articles

Clinton on merger mania

Premium - 01 June 1998

President Clinton made a rare public comment on antitrust issues when asked about the latest wave of US airline agreements.

Van Miert under pressure from US over airlines

Premium - 01 June 1998

As Karel van Miert prepared to announce the European Commission’s conditions for approving alliances between British Airways and American Airlines, Lufthansa and United Airlines, and Delta Air Lines, Swissair, Austrian Airlines and Sabena, the US Assistant Aviation Secretary, Charles Hunnicutt, said that Washington strongly opposed plans to limit flights on certain routes to curtail the power of the alliances.

Wilmer Cutler boosts capability

Premium - 01 June 1998

Thomas Mueller, an antitrust partner previously resident in Wilmer, Cutler & Pickering’s Washington DC office, is joining the firm’s practice in Brussels.

CIBC/ Dominion

Premium - 01 June 1998

Just three months after Royal Bank of Canada and Bank of Montreal unveiled their merger deal (see GCR Feb/Mar 1998), Canada’s largest bank, Canadian Imperial Bank of Commerce, announced plans to merge with the fifth-largest, Toronto-Dominion Bank, which would result in the creation of the ninth-largest bank in North America.

Correction

Premium - 01 June 1998

The Monopolies and Mergers Commission has asked us to point out a number of inaccuracies in the transcript of our interview with its Chairman, Derek Morris (GCR April/May issue, page 10). In particular:

Italy: Autorita turns spotlight on pharmaceuticals

Premium - 01 June 1998

Parallel behaviour on prices can be very lucrative in this sector where, because of the essential nature of pharmaceuticals, demand is very stable. More often than not, demand is determined by the doctor who prescribes the medicine rather than by the consumer. The problem of proving parallel conduct has always been a topical issue in competition law. In the absence of hard evidence pointing to contact between undertakings, it is likely that the Authority will rely on the Dyestuff case, in which the ECJ stated that price increases which are very similar in timing and rate of price change cannot be explained by independent market forces.

United States: FTC resolves Intel concerns

Premium - 01 June 1998

The FTC settlement in the Intel/Digital matter continues the US antitrust enforcement agencies’ activist stance in the area of intellectual property rights. The agencies will closely examine the transfer of such rights between significant competitors, particularly where the transfer results from an out-of-court resolution of intellectual property litigation. As a result, parties should structure such arrangements so as to ensure that they do not unreasonably restrict opportunities and incentives for product and technological innovation.

A question mark against the Merger

Premium - 01 June 1998

Sebastian O’Meara braved the storm of the century to join other bedraggled delegates in Athens for the IBA’s 9th annual seminar on Telecommunication Services and Competition Law in Europe, which looked, among other topics, at the Internet and strategic alliances

Opinion- H Rodgin Cohen of Sullivan & Cromwell, New York

Premium - 01 June 1998

Should competition authorities - or indeed consumers - be concerned about consolidation within the US financial services industry and the new megabanks emerging from it? Not necessarily, says H Rodgin Cohen of Sullivan & Cromwell, New York

Van Miert under pressure from Lufthansa

Premium - 01 June 1998

Lufthansa chief executive Jürgen Weber vowed that the German airline would resort to legal action to fight what he called the 'irrational and ideologically-based' proposals of the European Commission to limit the power of proposed airline alliances.