HORIZONTAL AGREEMENTS
The Swiss Competition Commission fines IFPI Switzerland and
Phononet for preventing parallel imports
In July 2012, the Swiss section of the International Federation
of the Phonographic Industry (IFPI Switzerland), one of the largest
industry associations in the music industry, as well as Phononet
AG, a platform for the electronic data exchange in the Swiss
entertainment industry, reached an amicable settlement with the
Swiss Competition Commission in the context of an investigation
launched for alleged restrictions of parallel imports. IFPI
Switzerland and Phononet agreed upon a fine in the amount of,
respectively, 3.5 million and CHF 20,000 Swiss francs. They also
committed to not restrict or impede parallel imports of sound
and/or sound carriers in Switzerland in the future.
