| Source: | All England Reporter |
| Publisher Citation: | [2004] All ER (D) 50 (Oct) |
| Court: | Court of Justice of the European Communities |
| Judge: | Judges Skouris (President), Jann, Timmermans, Gulmann, Puissochet and Cunha Rodriguies (Rapporteur) (Presidents of Chambers), Schintgen, Colneric, von Bahr, Silva de Lapuerta and Lenaerts |
| Judgment Dates: | 6 October 2004 |
Catchwords
European Communities - Right of establishment - Companies - Banking - National prohibition on payment of interest on sight accounts - Purported justification on basis of consumer protection and encouragement of medium and long-term saving - Article 43 EC.
The Case
Article 43EC precluded legislation of a member state which prohibited a credit institution which was a subsidiary of a company from another member state from remunerating sight accounts in euros opened by residents of the former member state.
Practice Areas
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