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annul the defendant’s decision of 14 November 2019, by which Anglo Austrian AAB Bank AG’s authorisation as a credit institution was withdrawn;

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order the defendant to pay the costs of the proceedings;

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in the light of the circumstances of the present case, give the case priority pursuant to Article 67(2) of the Rules of Procedure of the General Court.

1.

The defendant infringed Article 14(5) of Council Regulation (EU) No 1024/2013, (1) in so far as it incorrectly applied the national law applicable to the withdrawal of authorisation under Article 4(3) of that regulation.

2.

The defendant infringed the principle of proportionality, in so far as, by withdrawing authorisation, it unlawfully used the last resort out of the possible means of supervision.

3.

The defendant violated Anglo Austrian AAB Bank AG’s right to an effective remedy, in so far as it did not suspend operation of the decision.

4.

The defendant infringed Article 41 of the Charter of Fundamental Rights of the European Union, Articles 31 and 32 of Regulation (EU) No 1024/2013, Paragraph 70(4) of the Bankwesengesetz (Law on banking) and Article 6 of the European Convention on Human Rights, in so far as it failed to respect Anglo Austrian AAB Bank AG’s procedural rights guaranteed therein.

5.

The defendant violated Belegging-Maatschappij ‘Far-East’ B.V.‘s right to property, in so far as it withdrew Anglo Austrian AAB Bank AG’s authorisation and thereby destroyed the economic value of the shares in Anglo Austrian AAB Bank AG held by Belegging-Maatschappij ‘Far-East’ B.V.