The information concerning a company under supervision received or drafted by a national financial supervisory authority is protected by the rules on business secrecy, said Advocate General Yves Bot in conclusions adopted on Tuesday 12 December (case C-15/16).
A Mr Baumeister, who considered that he had been harmed by the fraudulent financial activities of the company Phoenix, requested access to certain documents concerning this company (special audit report, official auditors' report,...