Determining the appeal claims lodged in the Raiffeisen case [1], the highest administrative court or Council of State (hereinafter the Court) has reversed a previous infringement decision made by the Italian Competition Authority (ICA). The Court found that the contested restrictive business practice in some retail banking markets might negatively affect competition only in rather a negligible manner. Therefore, the practice fell outside the scope of Article 2 of Italian Competition Act n. 287/1990, which is equivalent to Article 101 TFEU. The Court also established that the prohibition of anti-competitive agreement did not apply on the ground of the doctrine of single economic entity. The facts of the case The ICA had found several Raiffeisen banks, small cooperative banks
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The Italian Council of State reverses a banking cartel decision on account of the negligible competition impact (Raiffeisen)
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