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  • 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
  • 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
  • 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
  • Dutch regulators clarify restricted circle concept
    The Dutch Central Bank and Securities Board have given the clearest guidance to date on the qualification criteria for restricted circle offerings. By Pieter Riemer of Trenité Van Doorne, London
    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
  • Germany
    Conflict of law rules codified
    June 30 1999
  • Reforming China’s asset appraisal regime
    Before China can improve the effectiveness of foreign investment and restructure its state-owned industries it must first reform its asset appraisal industry, writes Steven Blayney, White & Case, Hong Kong
    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
  • Inside-Curtis Mallet to open Stamford office
    US firm Curtis, Mallet-Prevost, Colt & Mosle is opening an office in Stamford, Connecticut. The firm hopes to build on its corporate and litigation work. George Kahale, firm managing partner, comments: “Stamford is a growing area with a lot of corporate activity, several firms have offices there.”
    May 31 1999
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