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ALERTS: CARTELS - EUROPEAN UNION - CARTEL - FINANCIAL SECTOR – ANNULMENT - LENIENCY - DIRECT INTEREST IN ACTION

Direct interest in action: The Court of Justice of the European Union accepts the possibility for an undertaking involved in a cartel to intervene in the appeal of another undertaking to which the same Commission decision is addressed (HSBC)

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*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. By an important order of 16 July 2020 in Case C-883/19 (HSBC Holdings plc and Others v European Commission)The President of the Court of Justice of the European Union has accepted - and this is very much a first - that an undertaking involved in a cartel may intervene in the appeal brought by another undertaking to which the same decision of the European Commission is addressed. However, the admission of this application to intervene is not unconditional: the undertaking must apply to intervene in a dispute relating to the very existence of an infringement of Article 101(1) TFEU of which it has been named as a co-author, which enables it to justify a

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Direct interest in action: The Court of Justice of the European Union accepts the possibility for an undertaking involved in a cartel to intervene in the appeal of another undertaking to which the same Commission decision is addressed (HSBC), 16 July 2020, Concurrences N° 4-2020, Art. N° 96065, www.concurrences.com

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