Official Journal |
EN C series |
C/2024/5106 |
26.8.2024 |
Action brought on 11 May 2024 – Evroins inshurans grup v EIOPA
(Case T-247/24)
(C/2024/5106)
Language of the case: English
Parties
Applicant: Evroins inshurans grup AD (Sofia, Bulgaria) (represented by: A. Morogai, H. Drăghici and F. Giurgea, lawyers)
Defendant: European Insurance and Occupational Pensions Authority (EIOPA)
Form of order sought
The applicants claim that the Court should:
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annul the decision of the Board of Appeal of the European Supervisory Authorities of 11 March 2024 (BoA-D-2024-02) (‘the contested decision’) and consequently EIOPA’s decision n° EIOPA-23-719 of 19 September 2023 not to start an investigation into the potential breach of European Union law regarding the withdrawal of the authorization of Euroins România Asigurare-Reasigurare SA; or, in the alternative, |
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to direct the Board of Appeal of the European Supervisory Authorities to reassess the appeal brought by Euroins Insurance Group AD against decision n° EIOPA-23-719; |
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to order the European Supervisory Authorities and EIOPA to pay to Euroins the ensuing costs related to this procedure. |
Pleas in law and main arguments
In support of the action, the applicant relies on the following main pleas in law.
1. |
First plea in law, alleging that the Board of Appeal of the European Supervisory Authorities breached Regulation (EU) No 1094/2010 of the European Parliament and of the Council, (1) and of Directive 2009/138/EC of the European Parliament and of the Council, (2) the Board of Appeal of the European Supervisory Authorities Procedural Rules, and the FEU Treaty:
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2. |
Second plea in law, alleging that the contested decision was issued in breach of the general principles of EU law:
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3. |
Third plea in law, alleging that the contested decision was issued in breach of the Charter of Fundamental Rights of the European Union (‘the Charter’): The provisions of Article 47 of the Charter were not respected because the applicant’s right to appeal against Decision n° EIOPA-23-719 in front of the Board of Appeal of the European Supervisory Authorities was illusory, thus, not effective due to the fact that that board did not conduct a judicious assessment of the facts and evidence provided by the applicant. |
4. |
Fourth plea in law, alleging that Decision n° EIOPA-23-719 was issued in excess of EIOPA’s powers as regulated by Directive 2009/138 and Regulation n° 1094/2010:
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(1) Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ 2010 L 331, p. 48).
(2) Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (OJ 2009 L 335, p. 1).
ELI: http://data.europa.eu/eli/C/2024/5106/oj
ISSN 1977-091X (electronic edition)