EU Antitrust Chief Expects First Libor Case In 2013

Law360, New York (April 12, 2013, 8:24 PM EDT) -- The European Commission's antitrust chief expects the watchdog to issue its first decision from its interbank offered rate investigations by the end of the year, with the agency's first decisions on pay-for-delay and standard essential patents in the offing.

The European Union's antitrust enforcer has been investigating possible collusion among the banks that set the London interbank offered rate, as well as the similar Euribor and Tibor rates for Europe and Tokyo, in three currencies. If those probes continue at their current pace, the EC should...
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