December 19, 2012
Global: Authorities secure $1.5B fine for UBS
UBS, Switzerland’s largest bank, has reportedly reached a settlement to pay a $1.5 billion fine for its LIBOR rate manipulation to authorities around the globe. The fine, previously speculated to...
December 13, 2012
Australia: ACCC fines airlines for price-fixing in flying meat to...
Singapore Airlines and Malaysian Airlines will be fined by the Australian Competition and Consumer Commission, according to the antirust body, for price-fixing costs of flying meat products from Australia to...
December 13, 2012
Israel: Open skies agreement with E.U. to increase competition has...
Israel’s Prime Minister Benjamin Netanyahu has decided to defer the signing of a final open skies agreement with the European Union, which was scheduled to occur on December 20. PM...
December 13, 2012
The Extraterritorial Scope of the FCPA as Addressed in New...
Beth France, Greta Lichtenbaum, Dec 12, 2012 On November 14, 2012, the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) released FCPA: A Resource Guide to the...
December 12, 2012
E.U.: Analyst sees strong messages sent by Commission in recent...
According to this report, some analysts are concerned that the European Commission does not have the power granted to some of its member states to combat anticompetitive behavior, such as...
December 12, 2012
Canada: Feds get involved in Quebec construction bid-ridding scandal
The federal eye has landed on the current bid-rigging scandal occurring within Quebec’s city construction sector. The Competition Bureau of Canada says it is looking into the sector and investigating...
December 11, 2012
U.S.: Appeals court denies Home Depot’s appeal request over Visa/Mastercard...
A U.S. appeals court has denied Home Depot’s request for an expedited appeal of the preliminary approval of a $7.2 billion settlement between merchants and Visa Inc. and Mastercard Inc....
December 10, 2012
Time To Deal With All These Deals
Analysis From Richard PostrelFounder, CEO Swift Exchange December 12, 2012 There’s a reason the popular 60’s game show “Let’s Make A Deal” is still on the air...
December 09, 2012
Protecting Small Merchants: What You Need To Know About Security
Security is not just for merchants and card users to take care of; central government at both the national and European level as well as the payments industry should step...