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  • Poland changes law on bonds
  • EU adopts directive on e-commerce
  • New rules on financial services provided via the internet
  • Overseas loans from Italian banks subject to foreign taxes
  • Jurisdiction of the Argentine courts
  • UK advertising company Saatchi & Saatchi announced on June 20 that it intends to merge with Publicis, which is listed on the Paris Stock Exchange. The deal values Saatchi & Saatchi at euro 1.96 billion ($1.84 billion). The UK company will become a wholly-owned subsidiary of Publicis which, with a combined market capitalization of euro 6.3 billion, the companies say will be the fifth largest advertising company in the world in terms of revenue.
  • Unilever has agreed to buy Bestfoods of the US for approximately $20.3 billion in equity and an assumption of $4 billion in debt.
  • Unfair competition - SIC asserts its increased jurisdictional authority in telecoms ruling
  • Belgian company Interbrew has become the successful bidder to acquire the Bass Brewers business from the UK's Bass for £2.3 billion ($3.5 billion). The acquisition marks the end of a competitive bidding process for the company which has continued for several months.
  • France Telecom has enlisted the services of a UK law firm for its £25.1 billion ($37.98 billion) acquisition of the mobile telecommunications company Orange from Vodafone Airtouch. Norton Rose is advising the French operator, whose offer is comprised of £11.3 billion in its own shares and £13.8 billion in cash, one of the largest cash elements ever paid.