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Switzerland: Parliament rejects antitrust reform

By  |  October 5, 2014

Switzerland’s Federal Council was handed defeat last month when Parliament rejected its proposed reforms of the nation’s competition policy.

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    According to reports, the Council first submitted reform proposals in February of 2012. The amendments, reports say, aimed to strengthened private enforcement of competition rules, introduce criminal sanctions for cartel behavior, and other changes.

    Among the most controversial of the proposed changes, say reports, was the suggestion of a new competition body, the Competition Authority, which would investigate cases but not have decisive power. The Authority would not have any representatives of industries or trade associations, like the currently Competition Commission has now.

    Parliament wholly rejected the proposals, however.

    Full content: JD Supra

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