The Austrian Supreme Court rejects appeal against finding of a merger in the Austrian savings bank sector regarding the creation of a “liability pool” joint venture (Haftungsverbund)

1. Introduction In a second judgment of 21 March 2007, parallel to the one given on the same day (Supreme Court (Oberster Gerichtshof), 21 March 2007, Erste Bank, Decision BWB/K-50, Case 16 OK 12/06 ; See Stefan Polster, The Austrian Supreme Court holds that certain aspects of a co-operation agreement between Austrian savings banks violates Art 81 EC (Erste Bank), e-Competitions, May 2007-I, n° 13601 ; Axel Reidlinger and Heinrich Kühnert, e-Competitions, May 2007-II, n° 13653), the Austrian Supreme Court (acting as the highest appellate court in competition matters ; “Oberster Gerichtshof als Rekursgericht in Kartellrechtssachen”) upheld another first instance decision of the Vienna Cartel Court (Oberlandesgericht Wien als Kartellgericht ; judgment of 9 November 2006, 27 Kt 599/04-25),

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  • European Court of Justice (Luxembourg)

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Hanns Peter Nehl, The Austrian Supreme Court rejects appeal against finding of a merger in the Austrian savings bank sector regarding the creation of a “liability pool” joint venture (Haftungsverbund), 21 March 2007, e-Competitions March 2007, Art. N° 13654

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