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ECJ refuses to erase rubber fines

Friday, 03 February 2012

The European General Court upheld the commission's previous ruling
Three chemical rubber companies have lost their appeal to annul an antitrust fine issued by the European Commission.

Switzerland investigates interest rate fixing

Friday, 03 February 2012

UBS is one of the banks facing investigation
Switzerland’s Competition Commission (COMCO) has opened an investigation of 12 banks over allegedly conspiring to manipulate interest rates used in interbank loans.

Cartel enforcement on the rise at emerging enforcers

Friday, 03 February 2012

Oliver Josie, head of the cartels division at South Africa's Competition Commission
Officials from three young but emerging competition law jurisdictions are taking proactive, sometimes unorthodox steps towards improving their enforcement programmes – including potentially using undercover agents to bust cartels. Ron Knox in Vancouver

KFTC guidelines expand patent focus

Friday, 03 February 2012

The KFTC has introduced antitrust guidelines on standard setting
Korea’s Fair Trade Commission (KFTC) has published new guidelines regarding possible anti-competitive use of patents, focusing on standard setting.

Size matters for EU companies

Friday, 03 February 2012

Leif Johansson and Sharon Bowles at the commission's Competition Forum 2012
Protecting small and medium-sized companies (SMEs) from competition in European markets will leave them underprepared for global competition, said a leading business delegate at the European Commission’s Competition Forum 2012. Faaez Samadi in Brussels

Glencore and Xstrata eye merger

Friday, 03 February 2012

Glencore is in talks to buy Xstrata
Mining giants Glencore and Xstrata are in talks to merge, potentially creating a company worth US$80 billion, subject to competition approval.

Almunia reveals plans for "simpler and targeted" state aid

Thursday, 02 February 2012

Almunia announced the reforms at the commission's Competition Forum 2012
Europe’s Competition Commissioner Joaquín Almunia today revealed plans to modernise the European Commission’s state aid policy. Faaez Samadi in Brussels

Mexico prohibits Televisa/Iusacell deal

Thursday, 02 February 2012

Televisa is prohibited from acquiring a 50 per cent stake in Iusacell
Mexico’s Federal Competition Commission (CFC) has blocked the merger of mobile phone company Grupo Iusacell and media company Televisa.

Arnold & Porter promotes Pfaffenroth

Thursday, 02 February 2012

Sonia Pfaffenroth
Arnold & Porter has promoted Sonia Pfaffenroth to partner in its antitrust practice in Washington, DC.

CAT backs CC on Stansted decision

Thursday, 02 February 2012

Stansted Airport
The UK’s Competition Appeal Tribunal (CAT) has upheld the Competition Commission’s (CC) decision to order airport management company BAA to sell its London Stansted airport.

Competition key to EU innovation and growth, says Barroso

Thursday, 02 February 2012

President Barroso speaking at the Competition Forum 2012
Competition policy helps to promote innovation in European markets, European Commission President Jose Manuel Barroso said today. Faaez Samadi in Brussels

The ABA Cartel Workshop: The Leniency Question

Thursday, 02 February 2012

The ABA conducted a cartel workshop in Vancouver this week
Companies that discover their employees have taken part in a price fixing plot are faced with a series of decisions that may be crucial to their survival. Choose the right path, and the potential cost of the illegal activity could be minimal. But make a wrong step, and the penalties could prove fatal to the company’s future. Ron Knox in Vancouver

The ABA Cartel Workshop: Blowing the whistle

Thursday, 02 February 2012

The ABA conducted a cartel workshop in Vancouver this week
Once a company decides it needs to apply for leniency, the real challenge begins. It must move quickly to give enforcers enough information to qualify – and enforcers around the world must then coordinate a series of simultaneous dawn raids and interviews. Ron Knox in Vancouver.

European Commission blocks NYSE/Deutsche Börse

Wednesday, 01 February 2012

DG Comp has blocked the merger between NYSE and Deutsche Börse
The US$10.2 billion merger between NYSE Euronext and Deutsche Börse has finally collapsed after the European Commission decided to block the deal in a landmark ruling.

Chile fines pharma companies record amount

Wednesday, 01 February 2012

Chile's Tribunal issued the the companies with a record fine
Chile’s National Competition Tribunal (TDLC) has fined two of the country’s largest pharmaceutical companies US$38 million for colluding to fix the price of drugs. It is the largest penalty ever imposed by the authority.

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