# C_2020371EN.01001602.xml

| 3.11.2020 | EN | Official Journal of the European Union | C 371/16 |
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3.11.2020

EN

Official Journal of the European Union

C 371/16

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Action brought on 27 July 2020 — Satabank v ECB

(Case T-494/20)

(2020/C 371/19)

Language of the case: English

Parties

Applicant: Satabank plc (St. Julians, Malta) (represented by: O. Behrends, lawyer)

Defendant: European Central Bank (ECB)

Form of order sought

The applicant claims that the Court should:

| — | annul the decision dated 15 May 2020 by which the ECB refused to take over direct supervision and give instructions to the Competent Person so as to ensure that the Bank is no longer denied access to its offices, information, systems, files, documents, staff and resources; |
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annul the decision dated 15 May 2020 by which the ECB refused to take over direct supervision and give instructions to the Competent Person so as to ensure that the Bank is no longer denied access to its offices, information, systems, files, documents, staff and resources;

| — | order the defendant to pay the costs. |
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order the defendant to pay the costs.

Pleas in law and main arguments

In support of the action, the applicant relies on eight pleas in law.

| 1. | First plea in law, alleging that the ECB erroneously assumed that the requested action is beyond the competence of the ECB and also did not provide an adequate statement of reasons for its decision. |
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1.

First plea in law, alleging that the ECB erroneously assumed that the requested action is beyond the competence of the ECB and also did not provide an adequate statement of reasons for its decision.

| 2. | Second plea in law, alleging that the contested decision violates the applicant’s right pursuant to Article 47 of the Charter of Fundamental Rights of the European Union. |
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2.

Second plea in law, alleging that the contested decision violates the applicant’s right pursuant to Article 47 of the Charter of Fundamental Rights of the European Union.

| 3. | Third plea in law, alleging that the ECB violated the applicant’s right pursuant to Article 41 of the Charter of Fundamental Rights of the European Union. |
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3.

Third plea in law, alleging that the ECB violated the applicant’s right pursuant to Article 41 of the Charter of Fundamental Rights of the European Union.

| 4. | Fourth plea in law, alleging that the ECB violated the applicant’s right pursuant to Article 17 of the Charter of Fundamental Rights of the European Union. |
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4.

Fourth plea in law, alleging that the ECB violated the applicant’s right pursuant to Article 17 of the Charter of Fundamental Rights of the European Union.

| 5. | Fifth plea in law, alleging that the ECB violated the applicant’s right pursuant to Article 16 of the Charter of Fundamental Rights of the European Union. |
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5.

Fifth plea in law, alleging that the ECB violated the applicant’s right pursuant to Article 16 of the Charter of Fundamental Rights of the European Union.

| 6. | Sixth plea in law, alleging that the ECB violated its obligations pursuant to Art. 6(5)(b) of Council Regulation (EU) No 1024/2013 (1) and Article 67 of the Regulation (EU) No 468/2014 (2) of the European Central Bank. |
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6.

Sixth plea in law, alleging that the ECB violated its obligations pursuant to Art. 6(5)(b) of Council Regulation (EU) No 1024/2013 (1) and Article 67 of the Regulation (EU) No 468/2014 (2) of the European Central Bank.

| 7. | Seventh plea in law, alleging that the ECB violated the principle that the ECB has to act in a manner that makes compliance with regulatory obligations possible. |
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7.

Seventh plea in law, alleging that the ECB violated the principle that the ECB has to act in a manner that makes compliance with regulatory obligations possible.

| 8. | Eighth plea in law, alleging that the ECB committed an abuse of power (détournement de pouvoir). |
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8.

Eighth plea in law, alleging that the ECB committed an abuse of power (détournement de pouvoir).

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(1)  Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ 2013 L 287, p. 63).

(2)  Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (OJ 2014 L 141, p. 1).

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