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ECB loses Banca Carige access-to-documents case at EU court

( September 28, 2022, 12:52 GMT | Official Statement) -- MLex Summary: The European Central Bank was wrong to deny access to documents in the 2019 dissolution of Banca Carige, the EU's lower-tier court has ruled, in a case brought by a group of investors led by Malacalza Investimenti. The court ruled against the ECB on the grounds that presumption of confidentiality was applied incorrectly, and that the obligation to state reasons for risk of harm to interests at stake was breached. The ECB must pay the costs, but it can appeal the judgment, the court said.Judgment (in French) follows. ...

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