# C_2019432EN.01000501.xml

| 23.12.2019 | EN | Official Journal of the European Union | C 432/5 |
| --- | --- | --- | --- |

23.12.2019

EN

Official Journal of the European Union

C 432/5

---

Judgment of the Court (Grand Chamber) of 5 November 2019 — European Central Bank (ECB) v Trasta Komercbanka AS, Ivan Fursin, Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA (C-663/17 P), European Commission v Trasta Komercbanka AS, Ivan Fursin, Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA, and European Central Bank (ECB) (C-665/17 P), Trasta Komercbanka AS, Ivan Fursin, Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA v European Central Bank (ECB) (C-669/17 P)

(Joined Cases C-663/17 P, C-665/17 P and C-669/17 P) (1)

(Appeal - Admissibility - Representation of a party before the Court - Power of attorney given to the lawyer - Power of attorney withdrawn by the liquidator of the appellant company - Further steps in the proceedings by the decision-making body of the appellant company - Charter of Fundamental Rights of the European Union - Article 47 - Right to an effective remedy Regulation (EU) No 1024/2013 - Prudential supervision of credit institutions - Decision to withdraw a credit institution’s authorisation - Action for annulment before the General Court of the European Union - Admissibility Whether the shareholders of the company whose authorisation has been withdrawn are directly concerned)

(2019/C 432/05)

Language of the case: English

Parties

(Case C-663/17 P)

Appellant: European Central Bank (ECB) (represented by: E. Koupepidou and C. Hernández Saseta, acting as Agents, by B. Schneider, Rechtsanwalt, and by M. Petite, avocat)

Other parties to the proceedings: Trasta Komercbanka AS, Ivan Fursin, Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA (represented by: M. Kirchner, L. Feddern and O.H. Behrends, Rechtsanwälte)

Intervener in support of the appellant: European Commission (represented by: A. Steiblytė, V. Di Bucci and K.-Ph. Wojcik, acting as Agents)

(Case C-665/17 P)

Appellant: European Commission (represented by: A. Steiblytė, V. Di Bucci and K.-Ph. Wojcik, acting as Agents)

Other parties to the proceedings: Trasta Komercbanka AS, Ivan Fursin, Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA (represented by: M. Kirchner, L. Feddern and O.H. Behrends, Rechtsanwälte), and European Central Bank (ECB) (represented by: E. Koupepidou and C. Hernández Saseta, acting as Agents, by B. Schneider, Rechtsanwalt, and by M. Petite, avocat)

(Case C-669/17 P)

Appellants: Trasta Komercbanka AS, Ivan Fursin, Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA (represented by: M. Kirchner, L. Feddern and O.H. Behrends, Rechtsanwälte)

Other party to the proceedings: European Central Bank (ECB) (represented by: E. Koupepidou and C. Hernández Saseta, acting as Agents, by B. Schneider, Rechtsanwalt, and by M. Petite, avocat)

Intervener in support of the European Central Bank: European Commission (represented by: A. Steiblytė, V. Di Bucci and K.-Ph. Wojcik, acting as Agents)

Operative part of the judgment

The Court:

| 1. | Dismisses the appeal in Case C-669/17 P as inadmissible, in so far as it was lodged by Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA; |
| --- | --- |

1.

Dismisses the appeal in Case C-669/17 P as inadmissible, in so far as it was lodged by Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA;

| 2. | Sets aside the order of the General Court of the European Union of 12 September 2017, Fursin and Others v ECB (T-247/16, not published, EU:T:2017:623); |
| --- | --- |

2.

Sets aside the order of the General Court of the European Union of 12 September 2017, Fursin and Others v ECB (T-247/16, not published, EU:T:2017:623);

| 3. | Rejects the plea of inadmissibility raised by the European Central Bank, in so far as it concerns the action brought by Trasta Komercbanka AS seeking the annulment of Decision ECB/SSM/2016 — 529900WIP0INFDAWTJ81/1 WOANCA-2016-0005 of the European Central Bank of 3 March 2016 withdrawing the authorisation granted to Trasta Komercbanka; |
| --- | --- |

3.

Rejects the plea of inadmissibility raised by the European Central Bank, in so far as it concerns the action brought by Trasta Komercbanka AS seeking the annulment of Decision ECB/SSM/2016 — 529900WIP0INFDAWTJ81/1 WOANCA-2016-0005 of the European Central Bank of 3 March 2016 withdrawing the authorisation granted to Trasta Komercbanka;

| 4. | Dismisses the action brought by Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA, seeking annulment of the European Central Bank’s decision of 3 March 2016; |
| --- | --- |

4.

Dismisses the action brought by Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA, seeking annulment of the European Central Bank’s decision of 3 March 2016;

| 5. | Refers the case back to the General Court of the European Union so that it may give a ruling on the action brought by Trasta Komercbanka AS seeking annulment of the European Central Bank’s decision of 3 March 2016; |
| --- | --- |

5.

Refers the case back to the General Court of the European Union so that it may give a ruling on the action brought by Trasta Komercbanka AS seeking annulment of the European Central Bank’s decision of 3 March 2016;

| 6. | Orders Trasta Komercbanka AS, Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA to bear their own costs and to pay those incurred by the European Central Bank and the European Commission in connection with the appeals in Cases C-663/17 P and C-665/17 P, respectively; |
| --- | --- |

6.

Orders Trasta Komercbanka AS, Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA to bear their own costs and to pay those incurred by the European Central Bank and the European Commission in connection with the appeals in Cases C-663/17 P and C-665/17 P, respectively;

| 7. | Orders the European Commission to bear its own costs in Case C-663/17 P; |
| --- | --- |

7.

Orders the European Commission to bear its own costs in Case C-663/17 P;

| 8. | Orders Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA to bear their own costs and to pay those incurred by the European Central Bank in connection with the proceedings at first instance relating to the action brought by those shareholders; |
| --- | --- |

8.

Orders Mr Ivan Fursin, Mr Igors Buimisters, C & R Invest SIA, Figon Co. Ltd, GCK Holding Netherlands BV and Rikam Holding SA to bear their own costs and to pay those incurred by the European Central Bank in connection with the proceedings at first instance relating to the action brought by those shareholders;

| 9. | Reserves the costs in Case C-669/17 P. |
| --- | --- |

9.

Reserves the costs in Case C-669/17 P.

---

(1)  OJ C 32, 29.1.2018.

OJ C 42, 5.2.2018.

---