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Cargolux, HSBC, others recoup millions in EU fine-interest settlements

By Jean Comte and Lewis Crofts ( April 16, 2025, 16:20 GMT | Insight) -- Cargolux Airlines obtained 9.2 million euros from the European Commission in a settlement over interest on annulled fines, while bank HSBC received 3.5 million euros, the EU's annual budgetary disclosures revealed. The settlement sums are part of ongoing efforts to settle disputes over interest when a company successfully challenges sanctions at EU courts.HSBC, Cargolux and other undertakings received millions of euros from the European Commission, as settlement over lawsuits regarding interest on annulled antitrust fines, according to a document disclosed by the EU executive....

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