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  • Saatchi & Saatchi looks to global ambitions with Publicis merger
    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.
    June 30 2000
  • Colombia
    Unfair competition - SIC asserts its increased jurisdictional authority in telecoms ruling
    June 30 2000
  • Unilever to buy Bestfoods for $20 billion
    Unilever has agreed to buy Bestfoods of the US for approximately $20.3 billion in equity and an assumption of $4 billion in debt.
    June 30 2000
  • Coudert leaves Vietnam
    Coudert Brothers will complete its withdrawal from Vietnam later this year when it closes its Hanoi office. Last year it closed its Ho Chi Minh office.
    June 30 2000
  • Taiwan must comply with WTO, says telecoms body
    The US Competitive Telecommunications Association (CompTel) has warned the US Chamber of Commerce in Taiwan that it must support CompTel's recommended local telecom reforms, ensuring Taiwan conforms to WTO commitments.
    June 30 2000
  • White & Case finally gains foothold in China
    The Ministry of Justice in China has granted White & Case a licence to open an office in Shanghai. This will be the firm's first office on the Chinese mainland. Until now the firm has operated its China practice from Hong Kong.
    June 30 2000
  • China Unicom goes global
    A choice collection of firms from New York, London and Beijing advised on China Unicom's $4.9 billion Hong Kong and New York IPO. It is the biggest ever Asian IPO outside of Japan.
    June 30 2000
  • News In brief
    Lovells Frankfurt hires asset finance partner
    June 30 2000
  • Shearman and A&O share the spoils in Germany
    Shearman & Sterling and Allen & Overy have shocked the German legal community by taking eight partners each from the German firm Schilling Zutt & Anschütz. The 16 Schilling departures represent nearly half of the 35-lawyer firm, and come after Schilling failed to reach merger agreements with both firms earlier this year.
    June 30 2000
  • White & Case moves into Germany
    Partners at White & Case and German firm Feddersen Laule Ewerwahn Scherzberg Finkelnburg Clemm voted last month to merge the two firms with effect from July 1. The move is the first significant merger between a US and German firm and is the largest strategic move into Germany from the US since Shearman & Sterling arrived in the early nineties.
    June 30 2000
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