This document is an excerpt from the EUR-Lex website
Document 62020TN0563
Case T-563/20: Action brought on 9 September 2020 — Satabank v ECB
Case T-563/20: Action brought on 9 September 2020 — Satabank v ECB
Case T-563/20: Action brought on 9 September 2020 — Satabank v ECB
OJ C 423, 7.12.2020, p. 38–39
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
7.12.2020 |
EN |
Official Journal of the European Union |
C 423/38 |
Action brought on 9 September 2020 — Satabank v ECB
(Case T-563/20)
(2020/C 423/55)
Language of the case: English
Parties
Applicant: Satabank plc (St. Julians, Malta) (represented by: O. Behrends, lawyer)
Defendant: European Central Bank (ECB)
Form of order sought
The applicant claims that the Court should:
— |
annul the decision of the ECB of 30 June 2020 by which it revoked the applicant’s authorisation as a credit institution; |
— |
order the defendant to pay the costs. |
Pleas in law and main arguments
In support of the action, the applicant relies on two pleas in law.
1. |
First plea in law, alleging that the contested decision is fundamentally vitiated by the preceding measures of the ECB and of the Maltese Financial Services Authority (MFSA) and the ECB’s failure to deal with them appropriately in the contested decision. |
2. |
Second plea in law, alleging that the contested decision is vitiated by defects in connection with the alleged non-compliance on which it is based.
|