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  • 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
  • Dragsted and Schluter form Denmark’s largest firm
    Two Danish firms are merging to knock 80-lawyer Kromann & Munter from its position as the country’s largest firm.
    June 30 1999
  • Continental firms merge
    Continental firms Beiten Burkhardt Mittl & Wegener (Germany), Moquet Borde & Associés (France), Pavia e Ansaldo (Italy) and Meyer Lustenberger (Switzerland) have joined to form the partnership BBLP
    June 30 1999
  • SJ Berwin plans European expansion
    UK firm SJ Berwin is to open an office in Madrid as the next stage of its European expansion programme.
    June 30 1999
  • Switzerland
    Supervision of fiancial conglomerates
    June 30 1999
  • Weil Gotshal lures Wilde Sapte partner
    The London office of US firm Weil Gotshal & Manges has recruited partner Bruce Johnston from UK firm Wilde Sapte to boost its project finance capability.
    June 30 1999
  • Clifford Chance’s fees under scrutiny in Hong Kong
    Clifford Chance is under investigation in Hong Kong after charging HK$18.7 million ($2.4 million) for its role in the winding up of Peregrine.
    June 30 1999
  • Russia
    New law on protection of investor rights
    June 30 1999
  • Italy
    Novelties in the regulations on offering circulars for listing of securities
    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
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