Sector: Banking & investment banking

What a year InCompetition!

December 24, 2015 | 1 Comments

InCompetition looks back at some of the key events in competition law from 2015 and wishes readers a happy festive season...

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Banks scared of a Bit of competition?

October 20, 2015 | 1 Comments

ACCC commences investigation into bank closures of Bitcoin accounts...

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Visa to pay a record $18M penalty for breaching exclusive dealing laws by preventing banks and third party providers from rolling out DCC services...

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LIBOR update

June 21, 2013 | 0 Comments

In today’s issue of our quarterly newsletter Regulator, Greg Golding and Andris Gauja have written an update on the snowballing LIBOR scandal, looking at the penalties imposed, the possibility of class actions and ongoing financial...

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Will Lehman eat porridge for SCDOs?

May 7, 2013 | 0 Comments

The liquidators of Lehman Brothers Australia are appealing a landmark Federal Court decision that found it liable for losses suffered by a number of local councils and charity groups. Late last year the Federal Court...

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Banks get a boost in US Libor case

April 11, 2013 | 0 Comments

On 29 March 2013, US Federal District Judge Naomi Reice Buchwald handed down a 161 page judgment dismissing a significant proportion of the class actions against banks involved in the Libor (London interbank offered rate)...

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Turkish banks fined for price collusion

March 26, 2013 | 0 Comments

Earlier this month, the board of the Turkish Competition Authority fined a dozen of the country’s banks 1.1 billion Turkish lira (approximately AUD 580 million) for colluding over maximum deposit rates, credit card interest rate...

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Back in 2005, a number of merchants commenced class actions against Visa and Mastercard, alleging the companies had conspired with US banks to fix credit card processing fees, at around 2 per cent of the...

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Refinement of merger regime in Indonesia

October 18, 2012 | 1 Comments

On 2 October 2012, the Indonesian Competition Commission (KPPU) published new regulations addressing mergers and acquisitions.  Regulation No. 3 of 2012 further revises the KPPU’s 2010 merger review guidelines and Regulation No. 4 of 2012...

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The Swiss touch

September 13, 2012 | 0 Comments

The financial press on both sides of the Atlantic is reporting that the DOJ has offered several UBS employees immunity from prosecution in return for their investigation into whether banks colluded to manipulate certain inter-bank...

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