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ECJ rejects HSBC’s appeal of Euribor cartel ruling but upholds annulment of penalty

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Published on: 12 January 2023

Published by LNB News

LNB News 12/01/2023

Document Information

Issue Date: 12 January 2023

Published Date: 12 January 2023

Jurisdiction(s): United Kingdom

Article summary

The Court of Justice of the EU (ECJ) has published its judgment with regard to HSBC Holdings and Others v Commission, Case C-883/19 P, in which it dismissed HSBC Group companies’ appeal of a 2019 decision by the General Court of the EU finding that HSBC had participated in a cartel to fix Euribor benchmark rates. However, it upheld the General Court’s annulment of a €33,606,000 fine imposed by the European Commission on HSBC.

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