Sector: Financial services

New Zealand’s Commerce Commission has reached a settlement with insurer IAG New Zealand Limited after it admitted to breaching the NZ Fair Trading Act in relation to more than 150,000 insurance policies. As a result...

Read More →

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...

Read More →

On 18 July 2012, the US Consumer Financial Protection Bureau (CFPB) announced that it had reached a settlement with Capital One Bank (USA) (Capital One) in relation to alleged misleading or deceptive conduct in credit...

Read More →

On 15 June 2012, the New Zealand Commerce Commission declined the application by epay (owned by US payment processor Euronet Worldwide) for clearance to buy New Zealand-owned company Ezi-Pay. Ezi-Pay and epay each distribute a...

Read More →

On 17 January 2012, the Amsterdam Court of Appeal declared an international collective settlement binding in the Converium/SCOR securities class action – the first such case settled on a Trans-Atlantic basis. In addition to showing...

Read More →

On 8 May 2012, the Canadian Competition Bureau’s trial against Visa and MasterCard started. The CCB alleges that both companies imposed anti-competitive rules on merchants who accept their credit cards. Competition Commissioner Melainie Aitken argued that Visa...

Read More →

Third-line forcing occurs when a supplier agrees to supply its goods/services to a customer on condition that the customer acquires goods/services of a particular type from an unrelated third person specified by the supplier.  This constitutes a...

Read More →