Homburger represents UBS in COMCO proceedings regarding LIBOR manipulation conspiracy

On February 3, 2012, the Swiss Competition Commission (COMCO) opened an investigation against various banks and brokerage houses regarding an alleged manipulation of reference interest rates for interest rate derivatives trading. UBS Group AG (UBS) was the first leniency applicant with COMCO. While the proceedings are partly completed, partly they are still pending before COMCO.

Homburger advises and represents UBS in the COMCO proceedings and coordinates the bank’s defense in this matter. The Homburger team is led by partner Marcel Dietrich and comprises counsel Andreas Burger and associate Sabrina Zimmermann (all Competition, Regulatory).