Not all the information in the file of a financial supervision authority is necessarily confidential, as professional confidentiality generally loses its confidential nature after at least five years, the Court of Justice of the EU stated in a judgement returned on Tuesday 19 June (case C-15/16).
Having suffered losses due to the fraudulent financial activities of the Phoenix Kapitaldienst company, a Mr Baumeister applied for access to certain documents concerning that company (special...