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ARTICLE · 13 MAY 2004

Swiss Competition Report - Reporting Period : January 04 – March 04

Tavernier Tschanz
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This section reviews developments concerning the Federal Act of October 6, 1995 on Cartels and Other Restraints of Competition (the "Competition Act"), which is enforced by the Federal Competition Commission ("FCC"). Appeals against decisions of the FCC are heard by the Appeal Commission for Competition Matters (the "Appeal Commission").

SwitzerlandAntitrust/Competition Law
Silvio Venturi
Silvio Venturi

Reporting Period : January 04 – March 04

This section reviews developments concerning the Federal Act of October 6, 1995 on Cartels and Other Restraints of Competition (the "Competition Act"), which is enforced by the Federal Competition Commission ("FCC"). Appeals against decisions of the FCC are heard by the Appeal Commission for Competition Matters (the "Appeal Commission").

LEGISLATIVE DEVELOPMENTS

Amendment to Competition Act / Annual Report of the FCC.

On March 30, 2004, the FCC held its annual press conference and published its annual report. The main topic of the press conference was the coming into force on April 1, 2004 of the amendment to the Competition Act.The amended Competition Act entitles the FCC to impose direct sanctions (fines up to 10 % of the turnover in Switzerland over the last three financial years) on undertakings that participate in "hardcore" vertical or horizontal cartels or abuse their dominant position. Fines sanction (i) horizontal agreements

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