This document is an excerpt from the EUR-Lex website
Document 62017TA0628
Case T-628/17: Judgment of the General Court of 1 June 2022 — Aeris Invest v Commission and SRB (Economic and monetary union — Banking Union — Single Resolution Mechanism for credit institutions and certain investment firms (SRM) — Resolution procedure applicable where an entity is failing or is likely to fail — Adoption by the SRB of a resolution scheme in respect of Banco Popular Español — Delegation of power — Right to be heard — Right to property — Obligation to state reasons — Articles 14, 18 and 20 of Regulation (EU) No 806/2014)
Case T-628/17: Judgment of the General Court of 1 June 2022 — Aeris Invest v Commission and SRB (Economic and monetary union — Banking Union — Single Resolution Mechanism for credit institutions and certain investment firms (SRM) — Resolution procedure applicable where an entity is failing or is likely to fail — Adoption by the SRB of a resolution scheme in respect of Banco Popular Español — Delegation of power — Right to be heard — Right to property — Obligation to state reasons — Articles 14, 18 and 20 of Regulation (EU) No 806/2014)
Case T-628/17: Judgment of the General Court of 1 June 2022 — Aeris Invest v Commission and SRB (Economic and monetary union — Banking Union — Single Resolution Mechanism for credit institutions and certain investment firms (SRM) — Resolution procedure applicable where an entity is failing or is likely to fail — Adoption by the SRB of a resolution scheme in respect of Banco Popular Español — Delegation of power — Right to be heard — Right to property — Obligation to state reasons — Articles 14, 18 and 20 of Regulation (EU) No 806/2014)
OJ C 294, 1.8.2022, p. 19–20
(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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1.8.2022 |
EN |
Official Journal of the European Union |
C 294/19 |
Judgment of the General Court of 1 June 2022 — Aeris Invest v Commission and SRB
(Case T-628/17) (1)
(Economic and monetary union - Banking Union - Single Resolution Mechanism for credit institutions and certain investment firms (SRM) - Resolution procedure applicable where an entity is failing or is likely to fail - Adoption by the SRB of a resolution scheme in respect of Banco Popular Español - Delegation of power - Right to be heard - Right to property - Obligation to state reasons - Articles 14, 18 and 20 of Regulation (EU) No 806/2014)
(2022/C 294/27)
Language of the case: Spanish
Parties
Applicant: Aeris Invest Sàrl (Luxembourg, Luxembourg) (represented by: M. Roca Junyent, R. Vallina Hoset, G. Serrano Fenollosa, E. Galán Burgos and M. Varela Suárez, lawyers)
Defendants: European Commission (represented by: L. Flynn and A. Steiblytė, acting as Agents), Single Resolution Board (represented by: J. King and M. Fernández Rupérez, acting as Agents, and by B. Meyring, S. Schelo, F. Fernández de Trocóniz Robles, T. Klupsch and S. Ianc, lawyers)
Interveners in support of the defendants: Kingdom of Spain (represented by: L. Aguilera Ruiz and J. Rodríguez de la Rúa Puig, acting as Agents), European Parliament (represented by: P. López-Carceller, M. Martínez Iglesias, L. Visaggio, J. Etienne, M. Menegatti and M. Sammut, acting as Agents), Council of the European Union (represented by: A. de Gregorio Merino, J. Bauerschmidt, H. Marcos Fraile and A. Westerhof Löfflerová, acting as Agents), Banco Santander, SA (Santander, Spain) (represented by: J. Rodríguez Cárcamo, A. Rodríguez Conde, D. Sarmiento Ramírez-Escudero and J. Remón Peñalver, lawyers)
Re:
Application based on Article 263 TFEU for annulment of, first, Decision SRB/EES/2017/08 of the Executive Session of the SRB of 7 June 2017 concerning the adoption of a resolution scheme in respect of Banco Popular Español, SA, and, second, Commission Decision (EU) 2017/1246 of 7 June 2017 endorsing the resolution scheme for Banco Popular Español S.A. (OJ 2017 L 178, p. 15).
Operative part of the judgment
The Court:
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1. |
Dismisses the action; |
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2. |
Orders Aeris Invest Sàrl to bear its own costs and to pay the costs incurred by the European Commission, the Single Resolution Board (SRB) and Banco Santander, SA; |
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3. |
Orders the Kingdom of Spain, the European Parliament and the Council of the European Union to bear their own costs. |