Swiss Court Says Swatch Can Cut Supply To Competitors
Law360, New York (September 8, 2011, 9:21 PM EDT) -- A Swiss court on Thursday cleared the way for The Swatch Group AG to reduce its supply of moving parts used to make watches, rejecting an appeal by 11 watchmakers that wanted the company to continue supplying the parts pending an antitrust investigation.
The Federal Administrative Court said interim regulations set out by the Swiss Competition Commission, known as Comco, would remain in place throughout the investigation of Swatch's position in the market, the Wall Street Journal reported.
Swatch asked Comco in June to determine whether the company's plan to reduce its moving parts supply program in 2012 to 85 percent...
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