Word: verloren
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Dates: during 1962-1962
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Correcting the Common. To enforce the new regulation and to pass upon the acceptability of past and future cartel agreements, the Common Market has a trustbusting department headed by Dutch Economist Pieter VerLoren van Themaat, 45, who rejoices in the resounding title of Director General of Competition. After talking things over with him. George Nebolsine, a top New York international lawyer, concluded that "the department is not going to be lenient.'' Nebolsine also believes that it may well challenge "such very common business practices as the appointment of exclusive dealers in a foreign country, restrictions under patent...
...reality that the economy of Italy, for example, can support only one automaking giant such as Fiat. The Common Market trustbusters are not expected to attack bigness as such. But they are expected to crack down on "abuses" of bigness such as price fixing and market sharing. Officials of VerLoren van Themaat's department are empowered to dig into the books of any company operating in the Common Market...
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