EU Court Allows the Restriction of the Ne Bis In Idem Principle in Financial Matters

On March 20, 2018, the Court of Justice of the European Union – Grand Chamber delivered three important judgments concerning the essence of the principle ne bis in idem (non bis in idem) and its possible limitations, particularly under the law of the European Union. The Court delivered judgments in Joined Cases C-524/15 Luca Menci, C-537/16 Garlsson Real Estate SA and Others v Commissione Nazionale per le Società e la Borsa (Consob) and Joined Cases C-596/16 Enzo Di Puma v Consob and C-597/16 Consob v Antonio Zecca.