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    Commission fines "Lombard Club" cartel

    Premium - June 24, 2002

    The European Commission has fined eight Austrian banks Eur124.26 million for participation in a price-fixing scheme. The group that called themselves the "Lombard Club" comprised the chief executives of Erste Bank Derosterreichischen ... associate Astrid Ablasser represented NO Hypo (fined Eur1.52million) and OVAG (fined Eur7.59 million) from Haarmann Hemmelrath Huegel in Vienna. BAWAG was fined Eur7.59 million. Competition partner Hans-Joerg Niemeyer, from Hengeler Mueller led ...

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