EU Probes Swatch, Others Over Watch Parts Supply

Law360, New York (August 5, 2011, 2:50 PM EDT) -- The European Commission launched an investigation Friday into a number of luxury watch makers, including Swatch Group AG, based on claims that the companies had refused to provide spare parts to outside repairers.

The probe is based on a 2004 complaint from the European Confederation of Watch & Clock Repairers' Associations, or CEAHR, that the European Union watchdog had originally rejected in 2008 after deciding there was little likelihood of proving antitrust violations as well as limited value to pursuing the case given the relatively small...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.