Brussels dateline

Article Abstract:

European Community (EC) policymakers in Brussels, who are attempting to develop the EC high-technology and telecommunication industries, are upset at the recent acquisition of ICL, a UK computer manufacturer, by the Japanese computer manufacturing company Fujitsu. ICL was a major player in the EC consortium that was promoting microchip R&D, and Brussels officials are worried that Japanese control of ICL will compromise the success of an indigenous EC computer industry. In other issues, the EC's response to the Iraq-Kuwait conflict has been weak, although financial aid to countries affected by the conflict, Turkey, Jordan, and Egypt, has been generous. The EC Commission is now looking over a proposal that would set up an appeals procedure for parties injured in bidding for public contracts.

Management, Computer industry, Mergers, acquisitions and divestments, European Union. European Commission, Fujitsu Ltd., ICL PLC (London, England)

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Brussels dateline

Article Abstract:

The European Community (EC) is making changes in the areas of taxation, deregulation, and trade barriers to create a uniform business environment. The EC has taken steps to deregulate the energy, telecommunications, and transportation industries, and it is closer to reaching its goal of being a borderless market by eliminating customs barriers. Two tax laws will become effective on Jan 1, 1992. One law eliminates the double taxation of profits transferred to a parent company from a subsidiary based in another country. The second law postpones the taxation of capital gains from mergers, share exchanges between firms, and the transfer of assets until the time of final disposal.

Deregulation, Taxation, Customs administration

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Brussels drafting one-stop shopping rules for growing wave of European takeovers

Article Abstract:

A European Community-wide policy on acquisitions and mergers is still lacking, despite the coming unification of markets in 1992. Mergers across European borders are growing in number as European firms position themselves for the new internal market. Currently, a firm's ability to maneuver is irregular, with countries like Denmark and Italy having almost no laws governing mergers, and countries such as the Netherlands and West Germany having strict protective rules. Suggestions are offered by European Commissioner Peter Sutherland for a single, clear policy to govern all cross-border mergers.

Laws, regulations and rules, Acquisitions and mergers, Political aspects, International trade, Western Europe, International trade regulation, Europe, Western

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