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Euribor cartel decision doesn’t invalidate clause in loan agreement, EU opinion says

( March 13, 2026, 10:23 GMT | Official Statement) -- MLex Summary: The European Commission’s finding that an interest rate benchmark was manipulated in breach of cartel law doesn’t automatically invalidate a clause in a loan agreement referring to that benchmark, according to an opinion prepared for the EU's top court. But a national court can’t ignore that finding. The non-binding opinion relates to a referral by an Italian court, in a dispute between a borrower and a lender with regard to the validity of an interest rate indexed to Euribor.The Advocate General opinion is attached. Case reference is C-60/25. ...

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