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annul the ECB’s decision of 14 February 2019 to conduct an on-site inspection on the premises of PNB Banka AS and its group companies;

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order the defendant to pay the costs.

1.

First plea in law, alleging that the ECB was not the competent supervisory authority with respect to PNB Banka AS at the time of the decision to conduct the on-site inspection.

2.

Second plea in law, alleging that the contested decision was not ‘necessary’ within the meaning of Article 12 of the SSM Regulation. (1)

3.

Third plea in law, alleging that the ECB failed to duly exercise its discretion pursuant to Article 12(1) of the SSM Regulation.

4.

Fourth plea in law, alleging that the ECB violated the principle of proportionality.

5.

Fifth plea in law, alleging that the ECB violated the applicants’ rights to be heard.

6.

Sixth plea in law, alleging that the ECB violated its obligation to examine and appraise carefully and impartially all the relevant aspects of the individual case.

7.

Seventh plea in law, alleging that the ECB violated the obligation to provide adequate reasoning for its decision.

8.

Eighth plea in law, alleging that the ECB violated the principles of legitimate expectations and legal certainty.

9.

Ninth plea in law, alleging that the ECB violated the principle of equal treatment and acted in a discriminatory manner with respect to the applicants.

10.

Tenth plea in law, alleging that the ECB violated Article 19 of and recital 75 to the preamble of the SSM Regulation and committed a détournement de pouvoir.