ARTICLE · 26 APRIL 2012

Competition Switzerland – Q 1 2012

Tavernier Tschanz

On March 29, 2012, the Competition Commission published a recommendation to all cantons and municipalities to grant taxi services providers from other regions the possibilities of unhampered development

SwitzerlandAntitrust/Competition Law

Silvio Venturi

Pascal Favre

Investigations

Competition Commission launches an investigation into possible manipulation of the LIBOR and TIBOR reference rates

On February 3, 2012, the Competition Commission launched an investigation into possible manipulation of the London interbank offered rate (LIBOR) and its Japanese equivalent TIBOR against the two major Swiss banks (UBS and Credit Suisse), ten foreign financial institutions (Bank of Tokyo-Mitsubishi UFJ, Citigroup Inc., Deutsche Bank Aktiengesellschaft, HSBC Holdings plc, JP Morgan Chase & Co., Mizuho Financial Group Inc., Rabobank Groep N.V., Royal Bank of Scotland Group plc, Société Générale S.A., Sumitomo Mitsui Banking Corporation) and some other financial intermediaries.

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Competition Switzerland – Q 1 2012

Investigations

Competition Commission launches an investigation into possible manipulation of the LIBOR and TIBOR reference rates

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