This document is an excerpt from the EUR-Lex website
Document 62016TA0698
Case T-698/16: Judgment of the General Court of 30 November 2022 — Trasta Komercbanka and Others v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Specific supervisory tasks assigned to the ECB — Decision to withdraw a credit institution’s authorisation — Death of an applicant — No need to adjudicate in part — Powers of the national authorities of participating Member States and of the ECB under the Single Supervisory Mechanism — Equal treatment — Proportionality — Legitimate expectations — Legal certainty — Misuse of powers — Rights of the defence — Obligation to state reasons)
Case T-698/16: Judgment of the General Court of 30 November 2022 — Trasta Komercbanka and Others v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Specific supervisory tasks assigned to the ECB — Decision to withdraw a credit institution’s authorisation — Death of an applicant — No need to adjudicate in part — Powers of the national authorities of participating Member States and of the ECB under the Single Supervisory Mechanism — Equal treatment — Proportionality — Legitimate expectations — Legal certainty — Misuse of powers — Rights of the defence — Obligation to state reasons)
Case T-698/16: Judgment of the General Court of 30 November 2022 — Trasta Komercbanka and Others v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Specific supervisory tasks assigned to the ECB — Decision to withdraw a credit institution’s authorisation — Death of an applicant — No need to adjudicate in part — Powers of the national authorities of participating Member States and of the ECB under the Single Supervisory Mechanism — Equal treatment — Proportionality — Legitimate expectations — Legal certainty — Misuse of powers — Rights of the defence — Obligation to state reasons)
OJ C 35, 30.1.2023, p. 43–44
(BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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30.1.2023 |
EN |
Official Journal of the European Union |
C 35/43 |
Judgment of the General Court of 30 November 2022 — Trasta Komercbanka and Others v ECB
(Case T-698/16) (1)
(Economic and monetary policy - Prudential supervision of credit institutions - Specific supervisory tasks assigned to the ECB - Decision to withdraw a credit institution’s authorisation - Death of an applicant - No need to adjudicate in part - Powers of the national authorities of participating Member States and of the ECB under the Single Supervisory Mechanism - Equal treatment - Proportionality - Legitimate expectations - Legal certainty - Misuse of powers - Rights of the defence - Obligation to state reasons)
(2023/C 35/49)
Language of the case: English
Parties
Applicants: Trasta Komercbanka AS (Riga, Latvia), and six other applicants whose names are set out in the annex to the judgment (represented by: O. Behrends, lawyer)
Defendant: European Central Bank (represented by: E. Koupepidou, C. Hernández Saseta and A. Witte, acting as Agents, and by B. Schneider, lawyer)
Interveners in support of the defendant: Republic of Latvia (represented by: K. Pommere and J. Davidoviča, acting as Agents), European Commission (represented by: V. Di Bucci and A. Steiblytė, acting as Agents)
Re:
By their action based on Article 263 TFEU, the applicants seek annulment of Decision ECB/SSM/2016-529900WIP0INFDAWTJ81/2 WOANCA-2016-0005 of the ECB of 11 July 2016 withdrawing the authorisation of Trasta Komercbanka for access to the activities of a credit institution.
Operative part of the judgment
The Court:
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1. |
Declares that there is no longer any need to adjudicate on the action in so far as it was brought by Mr Igors Buimisters; |
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2. |
Dismisses the action; |
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3. |
Orders Trasta Komercbanka AS and the other applicants whose names are included in the annex, with the exception of Mr Buimisters, to pay the costs; |
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4. |
Orders Mr Buimisters to bear his own costs; |
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5. |
Orders the European Commission and the Republic of Latvia to bear their own costs. |