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CJEU: Standalone exchanges of confidential, strategic pricing information (including future credit spreads) can be restrictions by object under Article 101 TFEU — Case C‑298/22 (banking)

Practice notes
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CASE HUB ARCHIVED

This archived case hub sets out the position as at the judgment dated 29 July 2024; it is no longer updated. For more, see the timeline

Case facts

Outline

A reference from Portugal asks for guidance on how Article 101 TFEU should be interpreted regarding certain exchanges of information.

Latest developments

On 29 July 2024, the Court of Justice held that a solitary exchange of confidential data between rivals can amount to a restriction by object. That applies where the information is confidential and strategic, as it can disclose a competitor’s intended future conduct on the relevant market.

Parties

  • Applicants: Banco BPN/BIC Português, SA, Banco Bilbao Vizcaya Argentaria SA, Portuguese branch, Banco Português de Investimento SA (BPI), Banco Espírito Santo SA (in liquidation), Banco Santander Totta SA, Barclays Bank Plc, Caixa Económica Montepio Geral – Caixa Económica Bancária, SA, Caixa Geral de Depósitos, SA, Unión de Creditos Imobiliarios, SA – Estabelecimento Financeiro de Crédito SOC, Caixa Central de Crédito Agrícola Mútuo CRL, Banco Comercial Português, SA (together, the applicants)
  • Defendants: Autoridade da Concorrência (AdC)

Markets

Banking...

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Web page updated on 21/05/2026

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