Nikon Pays Fine for Violating Swiss Competition Law

From Nikon:

October 27, 2016 – Nikon AG (Zurich, Switzerland), a subsidiary company of Nikon Corporation (Tokyo, Japan) had been disputing the Swiss Competition Commission (COMCO)'s 2011 decision regarding infringement of Swiss competition law by Nikon AG in an appeal before the Swiss Federal Administrative Court. On September 28, 2016, the Swiss Federal Administrative Court rendered its judgment dismissing Nikon AG's appeal.

As a result of the review of the judgement as well as an overall analysis of the legal proceedings, Nikon has decided not to appeal the judgment to the Swiss Federal Supreme Court, and consequently, to make a payment of a fine of approximately CHF 12 million (approximately 1.3 billion yen).

For us, the Nikon Group, compliance with applicable laws forms part of our most important company principles, and is the basis of the trust of our shareholders, customers and other stakeholders. We have therefore already taken all steps necessary in order to ensure that all employees of the Nikon Group are fully aware of and comply with the provisions of competition law, and intend to increase our efforts in this respect.

Posted: 10/27/2016 10:01:31 AM CT   Posted By: Sean
Posted to: Nikon News    
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