Geoffrey Kalantari

Geoffrey Kalantari

Associate

Geoffrey Kalantari is a member of Antitrust and EU Competition team of our Brussels office. Prior to joining Covington, Mr. Kalantari served as a case handler at the Directorate General for Competition of the European Commission. At the Commission, Mr. Kalantari gained significant experience in the practice of State aid law, handling State aid complaints and notifications in the fields of Post, Health Care, Culture, and Public transport.

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Is the heat on in the syndicated loans market? Spanish Competition Authority fines banks for price fixing on interest rate derivatives

On 13 February 2018, the Spanish Markets and Competition Commission (“CNMC”) fined four major Spanish banks €91 million for colluding to fix the price of interest-rate derivatives (“IRDs”) attached to syndicated loans above market price.  The decision is an additional indication that syndicated loans are increasingly coming under the scrutiny of competition authorities, after the … Continue Reading
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