Order of the General Court (Third Chamber) of 17 November 2020 – González Calvet v SRB

(Case T‑257/20)

(Action for annulment – Economic and monetary policy – Single Resolution Mechanism for credit institutions and certain investment firms (SRM) – Decision refusing to grant financial compensation to the shareholders and creditors concerned – Failure to comply with formal requirements – Article 76(d) of the Rules of Procedure – Manifest inadmissibility)

1. 

Judicial proceedings – Application initiating proceedings – Formal requirements – Brief summary of the pleas in law on which the application is based – None – Inadmissibility

(Art. 263 TFEU; Statute of the Court of Justice, Arts 21, first para., and 53, first para.; Rules of Procedure of the General Court, Art. 76(d))

(see paras 9-11, 15, 16)

2. 

Judicial proceedings – Application initiating proceedings – Formal requirements – Clear and precise statement of the pleas relied on – Fundamental rights – Rights of the defence

(Art. 263 TFEU; Statute of the Court of Justice, Arts 21, first para., and 53, first para.; Rules of Procedure of the General Court, Art. 76(d))

(see para. 17)

Re:

Application under Article 263 TFEU seeking the annulment of SRB Decision SRB/EES/2020/52 of 17 March 2020 determining whether compensation needs to be granted to the shareholders and creditors in respect of which the resolution actions concerning Banco Popular Español S.A. have been effected.

Operative part

1. 

The action is dismissed as manifestly inadmissible.

2. 

There is no longer any need to adjudicate on the application to intervene submitted by the Kingdom of Spain.

3. 

Mr Ramón González Calvet and Mr Joan González Calvet shall bear their own costs and shall pay those incurred by the Single Resolution Board (SRB), with the exception of those relating to the application to intervene submitted by the Kingdom of Spain.

4. 

Mssrs González Calvet, the SRB and the Kingdom of Spain shall each bear their own costs relating to the application to intervene submitted by the Kingdom of Spain.