November 2014

On 17 May 2013, Switzerland and the European Union ("EU") signed an Agreement concerning cooperation on the application of their competition laws ("Agreement"). Both the Swiss Parliament (on 20 June 2014) and the European Council (on 21 October 2014) have now approved the Agreement and it will enter into force on 1 December 2014. As the first of its kind, the Agreement allows for the exchange of certain confidential information between the Swiss Competition Commission ("ComCo" including its Secretariat) and the European Commission ("Commission") without the consent of the undertakings concerned.