Friday, February 15, 2013
Posted by D. Daniel Sokol
Chai Lim has written on Libor, Strategy, and International Cartel Investigations.
ABSTRACT: Cartel investigations are under way into practices deemed to be manipulative of the LIBOR index. The international effect and circumstances of these practices are favourable towards cooperation and coordination between investigating authorities for various reasons—including preventing parties from tactically assessing which authorities have the necessary resources and evidence to prosecute. This article discusses defence strategies available to counsel acting to defend the banks.