Information;Judgment — ECLI:EU:T:2022:737
Date: 2022-11-30
Language of the case: English
Subject matter: Economic and monetary policy
Procedure: Action for annulment - unfounded;Action for annulment - decision unnecessary
Origin: Cyprus;Luxembourg;Latvia;Netherlands

Judgment of the General Court of 30 November 2022 – Trasta Komercbanka and Others v ECB (Case T-698/16) 1 (Economic and monetary policy – Prudential supervision of credit institutions – Specific supervisory tasks assigned to the ECB – Decision to withdraw a credit institution’s authorisation – Death of an applicant – No need to adjudicate in part – Powers of the national authorities of participating Member States and of the ECB under the Single Supervisory Mechanism – Equal treatment – Proportionality – Legitimate expectations – Legal certainty – Misuse of powers – Rights of the defence – Obligation to state reasons) Language of the case: English Parties Applicants: Trasta Komercbanka AS (Riga, Latvia), and six other applicants whose names are set out in the annex to the judgment (represented by: O. Behrends, lawyer) Defendant: European Central Bank (represented by: E. Koupepidou, C. Hernández Saseta and A. Witte, acting as Agents, and by B. Schneider, lawyer) Interveners in support of the defendant: Republic of Latvia (represented by: K. Pommere and J. Davidoviča, acting as Agents), European Commission (represented by: V. Di Bucci and A. Steiblytė, acting as Agents) Re: By their action based on Article 263 TFEU, the applicants seek annulment of Decision ECB/SSM/2016-529900WIP0INFDAWTJ81/2 WOANCA-2016-0005 of the ECB of 11 July 2016 withdrawing the authorisation of Trasta Komercbanka for access to the activities of a credit institution. Operative part of the judgment The Court: Declares that there is no longer any need to adjudicate on the action in so far as it was brought by Mr Igors Buimisters; Dismisses the action; Orders Trasta Komercbanka AS and the other applicants whose names are included in the annex, with the exception of Mr Buimisters, to pay the costs; Orders Mr Buimisters to bear his own costs; Orders the European Commission and the Republic of Latvia to bear their own costs. ____________ 1 OJ C 441, 28.11.2016.