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Poland
By Katarzyna Chodyla, Wierzbowski & Co., Warsaw
June 30, 1999
Sri Lanka
Banking By Velupillai Murugesu and Kandiah Neelakandan of Murugesu & Neelakandan, Colombo
June 30, 1999
Accountants change the rules for US M&A
The US Accountancy Board, the FASB, has brought an end to the pooling of interests for the accounting treatment of mergers and acquisitions in the US. David Bernstein of Rogers & Wells, New York reviews the effect of the decision and questions the wisdom of amortizing goodwill on M&A deals
June 30, 1999
Wal-Mart buys Asda
Wal-Mart, the world’s largest retailer, has bid £6.7 billion ($10.8 billion) in cash for UK supermarket chain Asda.
June 30, 1999
Supplementary pension schemes: Commission communication
At the start of May, the Commission adopted a communication setting out a series of initiatives designed to enable supplementary pension schemes to benefit from the single market and the euro.
June 30, 1999
Commerzbank moves into Italian asset management
Commerzbank is the first big European bank to set up an asset management group in Italy under new rules adopted in 1998. Gianluca Santilli and Andrea Marino of Santilli e Associati are advising the bank and describe the structure
June 30, 1999
China (2)
The Gitic Fallout By Koo & Partners of Kong Kong & Beijing
June 30, 1999
Commission predicts further mergers in the financial sector
At the start of June, the Commission published its Annual Report on Competition Policy
June 30, 1999
Tyco buys Raychem for $2.9 billion
Bermuda-based Tyco, one of the world’s leading underwater telecommunications providers, is to buy Raychem, a US company that designs, manufactures and distributes electronic components, for $2.87 billion
June 30, 1999
Germany
Conflict of law rules codified
June 30, 1999
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