March 20, 2017, GIR
The EU’s competition watchdog has launched a new programme that will allow whistleblowers to remain anonymous – a move some observers say is the result of a decrease in leniency applications and cartelists’ increasing fear of civil liability.
March 16, 2017, GIR
For the first time, the European Court of Justice has held that the European Commission’s public cartel decisions cannot feature verbatim information from the narrative section of leniency applications – and forced the enforcer’s hearing officers to conduct more in-depth reviews of companies’ confidentiality claims.
February 22, 2017, GIR
Citigroup will pay a 69 million rand (€5 million) fine to resolve its role in South Africa’s foreign exchange rigging investigation, days after the country’s competition enforcer referred a host of banks to the country’s Competition Tribunal alleging they fixed the exchange of the US dollar/rand currency pair.
February 16, 2017, GIR
The Competition Commission of South Africa will seek the maximum possible fines from a raft of banks – including HSBC, JP Morgan Chase and Credit Suisse, but not leniency applicant Barclays – for fixing the exchange of US dollars and South African rand.
February 03, 2017, GIR
GIR wants to hear your views on the due process policies and procedures of the government enforcement agencies and prosecutor’s offices you work with every day. The deadline for the 2017 Due Process Guide survey has been extended to 10 February.
January 23, 2017, GIR
Engineering companies Andrade Gutierrez and UTC agreed to pay 195 million reais (€57 million) in total as part of the most recent round of settlements in Brazil’s sprawling Car Wash investigation Jato investigation.
January 11, 2017, GIR
Six days after the Department of Justice secured its first individual guilty plea in its foreign exchange rigging investigation, a grand jury yesterday indicted three former traders for conspiring to fix prices and rig bids for the euro/US dollar currency pair.
December 08, 2016, GIR
Brazil’s competition watchdog yesterday announced that it would settle accusations of collusion by five banks in the foreign exchange market, but has opened a new administrative probe into alleged misconduct in the onshore currency market.
December 07, 2016, GIR
The European Commission’s Directorate-General for Competition has ordered Crédit Agricole, JPMorgan Chase and HSBC to pay €485 million for rigging the Euro Interbank Offered Rate, raising questions about the extent to which the authority will penalise cartelists that choose to fight antitrust charges in hybrid settlement cases.
December 06, 2016, GIR
Brazil’s competition watchdog published details of a leniency agreement tied to its sprawling investigation of misconduct linked to Petrobras, naming a slew of companies potentially involved in alleged bid-rigging that affected several of the energy company’s construction tenders.