First decisions of WEKO in international IBOR cases

On December 21, 2016 the Swiss Competition Commission announced settlements and fines in total of almost CHF 100 million in its IBOR investigations, according to WEKO among the most "complex" investigations in its history. The investigations began in February 2012 and were triggered by respective investigations namely in the European Union and in the United States. Lenz & Staehelin represented Deutsche Bank AG in the relevant EURIBOR and Yen LIBOR investigations. Deutsche Bank AG was exempted from fines for EURIBOR.

The team of Lenz & Staehelin consisted of partner Marcel Meinhardt as well as associates Felix Prümmer and Daniel Sutter.