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Document 62020TA0230
Case T-230/20: Judgment of the General Court of 7 December 2022 — PNB Banka v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Regulation (EU) No 1024/2013 — Specific supervisory tasks assigned to the ECB — Decision to withdraw the authorisation of the credit institution PNB Banka — Proposal of the national competent authority to withdraw authorisation — Insolvency decision in respect of PNB Banka — Reasonable time — Obligation to state reasons — Proportionality)
Case T-230/20: Judgment of the General Court of 7 December 2022 — PNB Banka v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Regulation (EU) No 1024/2013 — Specific supervisory tasks assigned to the ECB — Decision to withdraw the authorisation of the credit institution PNB Banka — Proposal of the national competent authority to withdraw authorisation — Insolvency decision in respect of PNB Banka — Reasonable time — Obligation to state reasons — Proportionality)
Case T-230/20: Judgment of the General Court of 7 December 2022 — PNB Banka v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Regulation (EU) No 1024/2013 — Specific supervisory tasks assigned to the ECB — Decision to withdraw the authorisation of the credit institution PNB Banka — Proposal of the national competent authority to withdraw authorisation — Insolvency decision in respect of PNB Banka — Reasonable time — Obligation to state reasons — Proportionality)
OJ C 35, 30.1.2023, p. 47–48
(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 35/47 |
Judgment of the General Court of 7 December 2022 — PNB Banka v ECB
(Case T-230/20) (1)
(Economic and monetary policy - Prudential supervision of credit institutions - Regulation (EU) No 1024/2013 - Specific supervisory tasks assigned to the ECB - Decision to withdraw the authorisation of the credit institution PNB Banka - Proposal of the national competent authority to withdraw authorisation - Insolvency decision in respect of PNB Banka - Reasonable time - Obligation to state reasons - Proportionality)
(2023/C 35/54)
Language of the case: English
Parties
Applicant: PNB Banka AS (Riga, Latvia) (represented by: O. Behrends, lawyer)
Defendant: European Central Bank (represented by: C. Hernández Saseta, F. Bonnard and V. Hümpfner, acting as Agents)
Intervener in support of the defendant: Republic of Latvia (represented by: K. Pommere, J. Davidoviča and E. Bārdiņš, acting as Agents)
Re:
By its action based on Article 263 TFEU, the applicant seeks annulment of the decision of the European Central Bank (ECB) of 17 February 2020, ECB-SSM-220-LVPNB-1, WHD-2019-0016, withdrawing its authorisation as a credit institution.
Operative part of the judgment
The Court:
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1. |
Dismisses the action; |
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2. |
Orders PNB Banka AS to bear its own costs and to pay those incurred by the European Central Bank (ECB), including those incurred in the proceedings for interim relief; |
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3. |
Orders the Republic of Latvia to bear its own costs. |