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Latvia Broke EU Law By Suspending Bank Chief, ECJ Says

Law360, London (February 26, 2019, 6:18 PM GMT) -- Europe's top court on Tuesday reversed Latvia's decision to bar the head of its central bank from his job, saying the country broke European law when it failed to offer evidence supporting its decision to suspend him as it probed bribery allegations.

The Court of Justice of the European Union unanimously annulled the Latvian Anti-Corruption Office's decision to prohibit Ilmārs Rimšēvičs from acting as the governor of the Central Bank of Latvia, saying the country had failed to submit any documents justifying its actions.

The watchdog failed to explain why it suspended the European Central Bank Governing Council member in February...

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