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W97483729 abstract "Though Switzerland is not a member of the European Union (EU), its proximity to and relationship with the EU economy necessitate that businesses and counsel for entities with Swiss and EU operations consider both Swiss and EU law, especially in the realm of competition law. European competition law protects European competitive markets and, thus, any company whose activities affect Europe has to be aware of, and comply with, the EU rules even where it has no direct presence in the EU. Many Swiss corporations sell products in the EU, partner with EU companies, and may seek to merge with companies active in the EU. Though the European Commission (EC) does not have formal enforcement jurisdiction over Swiss entities, it can enforce a decision against a Swiss company, for example, by levying a fine against such company or its EU-based affiliates, ordering a modification of business practices that are implemented in the EU or prohibiting a merger between a Swiss company and another corporation from being consummated. Over the past several years, the EC has investigated Swiss corporations for cartel behavior and evaluated potential mergers involving Swiss companies. Swiss competition law resembles EU competition law in many respects. Since the passage of the Federal Act on Cartels and Other Restraints of Competition (ACart) in 1995, the Swiss government has amended ACart several times, each time bringing ACart closer in line with EU competition law. Currently, the Swiss government is debating further changes to Switzerland’s competition regime. In 2010 and 2011, the Federal Government suggested several changes to Swiss competition law, including inter alia a restructuring of Switzerland’s Competition Commission (Comco), changes to sanctions for violations, and increased cooperation with the EC on enforcement. In addition, over the summer of 2011, Comco provided new guidance to simplify the filing process for mergers that do not meet certain criteria." @default.
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W97483729 title "EU and Swiss Competition Law: Navigating the Boundaries" @default.
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