The ruling of the Court of Justice of the European Union (CJEU), which provided the clarification requested by the Competition Court was released on July 29th.
Case C-298/22 concerns a reference for a preliminary ruling from the Portuguese Competition Court on the interpretation of Article 101(1) and (3) of the Treaty on the Functioning of the European Union (TFEU).
The request was made in the context of a dispute between several credit institutions and the Portuguese Competition Authority concerning the latter's decision to impose a fine on those institutions for violating national competition law provisions and Article 101 of the TFEU.
This consists of their participation in a concerted practice aimed at restricting competition in the housing, consumer and corporate credit markets, in the form of an exchange of information on the current and future conditions applicable to operations.
Photo from newspaper Público