This document is an excerpt from the EUR-Lex website
Document 62017TO0532
Order of the General Court (Eighth Chamber) of 22 January 2025.
Coral Venture, SL v Single Resolution Board.
Action for annulment and for damages – Economic and monetary policy – Single resolution mechanism for credit institutions and certain investment firms – Resolution scheme in respect of Banco Popular Español – Act not open to challenge – Manifest inadmissibility.
Case T-532/17.
Order of the General Court (Eighth Chamber) of 22 January 2025.
Coral Venture, SL v Single Resolution Board.
Action for annulment and for damages – Economic and monetary policy – Single resolution mechanism for credit institutions and certain investment firms – Resolution scheme in respect of Banco Popular Español – Act not open to challenge – Manifest inadmissibility.
Case T-532/17.
ECLI identifier: ECLI:EU:T:2025:77
Order of the General Court (Eighth Chamber) of 22 January 2025 –
Coral Venture v SRB
(Case T‑532/17)
(Action for annulment and for damages – Economic and monetary policy – Single resolution mechanism for credit institutions and certain investment firms – Resolution scheme in respect of Banco Popular Español – Act not open to challenge – Manifest inadmissibility)
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1. |
Action for annulment – Actionable measures – Definition – Measures producing binding legal effects – Preparatory measures – Decision to adopt a resolution scheme by the Single Resolution Board (SRB) – Entry into force – No binding legal effects produced – Precluded (Art. 263 TFEU; European Parliament and Council Regulation No 806/2014, Arts 18(1) to (8) and 30(1) and (2)) (see paragraphs 13, 14) |
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2. |
Actions for damages – Application for damages linked to an application for annulment – Dismissal of application for annulment leading to dismissal of the application for damages (Arts 263 and 340 TFEU) (see paragraph 17) |
Operative part
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1. |
The action is dismissed. |
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2. |
There is no need to adjudicate on the applications for leave to intervene by the Kingdom of Spain, the European Commission, Banco Santander, SA and Banco Popular Español, SA. |
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3. |
Coral Venture, SL shall bear its own costs and pay those incurred by the Single Resolution Board (SRB). |
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4. |
The Kingdom of Spain and the Commission shall each bear their own costs relating to the applications for leave to intervene. |
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5. |
Banco Santander shall bear its own costs and pay those incurred by Banco Popular Español relating to the applications for leave to intervene. |