Raiffeisen Zentralbank Oesterreich v Commission (Competition) French Text [2006] EUECJ T-262/02 (14 December 2006)

Raiffeisen Zentralbank Oesterreich v Commission (Competition) French Text [2006] EUECJ T-262/02 (14 December 2006)

The Court found that the Commission had not committed procedural errors justifying annulment, that the applicants' rights of defence were respected, and that the fines were calculated in accordance with the applicable guidelines and principles. The applications for annulment were rejected, and the fines were upheld...

Source-derived case information.

Parties
Applicant: Raiffeisen Zentralbank Österreich AG; Applicant: Bank Austria Creditanstalt AG; Applicant: Anteilsverwaltung BAWAG PSK AG; Applicant: Raiffeisenlandesbank Niederösterreich-Wien AG; Applicant: BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG; Applicant: Erste Bank der oesterreichischen Sparkassen AG; Applicant: Österreichische Volksbanken AG; Applicant: Niederösterreichische Landesbank-Hypothekenbank AG; Respondent: Commission des Communautés européennes
Jurisdiction
European Union
Procedural Posture
Competition Annulment and Fine Reduction Applications / Judgment on Joined Cases After Oral Hearing
Outcome
Applications dismissed; Commission decision and fines upheld.
Legal Topics
Cartels, Banking Sector, Article 81 EC (now 101 Tfeu), Fines Calculation, Procedural Rights
Competition Law European Union Law Cartels Banking Sector Article 81 EC (now 101 Tfeu) Fines Calculation Procedural Rights

Source-derived case record

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Parties

Raiffeisen Zentralbank Österreich AG

Applicant

Bank Austria Creditanstalt AG

Applicant

Anteilsverwaltung BAWAG PSK AG

Applicant

Raiffeisenlandesbank Niederösterreich-Wien AG

Applicant

BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG

Applicant

Erste Bank der oesterreichischen Sparkassen AG

Applicant

Österreichische Volksbanken AG

Applicant

Niederösterreichische Landesbank-Hypothekenbank AG

Applicant

Commission des Communautés européennes

Respondent

Procedural Posture

Competition Annulment and Fine Reduction Applications / Judgment on Joined Cases After Oral Hearing

  1. 1 Whether the Commission's decision finding a cartel in the Austrian banking sector and imposing fines was lawful
  2. 2 Whether procedural rights of the applicants were violated
  3. 3 Whether the fines imposed were correctly calculated and justified

Ratio Decidendi

The Court found that the Commission had not committed procedural errors justifying annulment, that the applicants' rights of defence were respected, and that the fines were calculated in accordance with the applicable guidelines and principles. The applications for annulment were rejected, and the fines were upheld as proportionate and justified.

Court Disposition

Applications dismissed; Commission decision and fines upheld.

Orders

  • Applications for annulment and reduction of fines are rejected.
  • Applicants are ordered to pay the costs.