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Document 62017TN0545
Case T-545/17: Action brought on 7 August 2017 — Afectados Banco Popular v SRB
Case T-545/17: Action brought on 7 August 2017 — Afectados Banco Popular v SRB
Case T-545/17: Action brought on 7 August 2017 — Afectados Banco Popular v SRB
OJ C 424, 11.12.2017, 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)
11.12.2017 |
EN |
Official Journal of the European Union |
C 424/38 |
Action brought on 7 August 2017 — Afectados Banco Popular v SRB
(Case T-545/17)
(2017/C 424/56)
Language of the case: Spanish
Parties
Applicant: Afectados Banco Popular (Madrid, Spain) (represented by: I. Ferrer-Bonsoms Millet, lawyer)
Defendant: Single Resolution Board
Form of order sought
The applicant claims that the Court should:
— |
Annul the contested decision, declare the transactions carried out under it ineffective and order the return of the property of the Banco Popular Español, S.A. to the shareholders and bond-holders concerned, putting them back in the position they were in before the intervention; |
— |
If that is not possible, declare in any event that the conversion of the bonds into shares is ineffective, maintaining bond-holders in the same position as they were in on 6 June 2017 and order the payment of compensation to shareholders by payment corresponding to the actual value of the bank and, accordingly, of the shares on 30 June 2016. |
Pleas in law and main arguments
The pleas in law and main arguments are similar to those put forward in Cases T-478/17, Mutualidad de la Abogacía and Hermandad Nacional de Arquitectos Superiores y Químicos v Single Resolution Board, T-481/17, Fundación Tatiana Pérez de Guzmán el Bueno and SFL v Single Resolution Board, T-482/17, Comercial Vascongada Recalde v Commission and Single Resolution Board, T-483/17, García Suárez and Others v Commission and Single Resolution Board, T-484/17, Fidesban and Others v Single Resolution Board, T-497/17, Sáchez del Valle and Calatrava Real State 2015 v Commission and Single Resolution Board, and T-498/17, Pablo Álvarez de Linera Granda v Commission and Single Resolution Board.