The Slovak Regional Court in Bratislava annuls the Competition Authority’s decisions concerning an agreement restricting competition in the banking sector (Akcenta)

A summary of arguments adopted by the Regional Court in Bratislava (the “Court”) in annulling decisions taken by the Slovak Antimonopoly Office (the “SVK AMO”) concerning an agreement restricting competition in the banking sector. Factual background By its judgments No. 3S 57/2010 of 28 September 2010 in favour of Československá obchodná banka, a.s. (“CSOB”), No. 1S 18/2010 of 23 September 2010 in favour of Slovenská sporiteľňa, a.s. (“SLSP”) and No. 3S 56/2010 of 28 September 2010 in favour of Všeobecná úverová banka, a.s. (“VUB”) (collectively as the “Judgments”), the Court annulled the SVK AMO’s decisions regarding CSOB, SLSP and VUB (the “Banks”) of 9 June 2009 and the decision on an appeal of 19 November 2009 (said decisions collectively as the “Decisions”) that imposed a fine of approximately EUR 3.8

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Authors

  • Kinstellar (Prague)
  • Agency for the Cooperation of Energy Regulators (ACER) (Ljubljana)

Quotation

Zuzana Hodonova, Michal Miko, The Slovak Regional Court in Bratislava annuls the Competition Authority’s decisions concerning an agreement restricting competition in the banking sector (Akcenta), 28 September 2010, e-Competitions September 2010, Art. N° 37004

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