IFPI Switzerland

On 16 July 2012, the Swiss Competition Commission (ComCo) settled with the Swiss branch of the largest music industry trade group IFPI and discontinued the investigation procedure against the IFPI members for anti-competitive practices preventing parallel imports. ComCo and IFPI agreed upon a fine in the amount of CHF 3.5 million. In the settlement with ComCo IFPI and Phononet committed not to hinder or prevent parallel imports. Froriep's partmer, Boris Wenger and Alessandro Celli resented TBA AG, a member company in the executive board of IFPI, and Phonag Records AG (member of IFPI).