In a ruling published on Monday 29 July (case C-298/22), the Court of Justice of the European Union (CJEU) ruled that the exchange of sensitive information over a period of more than ten years between 14 credit institutions in Portugal could constitute a restriction of competition by object.
In September 2019, the Portuguese Competition Authority fined these banks (including Portugal’s six largest) a total of €225 million, accusing them of breaching national and EU competition law...