62019TO0797(02)_INF
Order of the President of the General Court of 15 April 2020 –Anglo Austrian AAB and Belegging-Maatschappij ‘Far-East’ v ECB
(Case T‑797/19 RII)
(Interim measures – Regulation (EU) No 1024/2013 – Prudential supervision of credit institutions – Decision to withdraw authorisation as a credit institution – Further application – Article 160 of the Rules of Procedure)
1.
Application for interim measures – Suspension of operation of a measure – Dismissal of application – Possibility of bringing a new application – Condition – New facts – Meaning
(Arts 278 and 279 TFEU; Rules of Procedure of the General Court, Art. 160)
(see paras 14-16)
2.
Application for interim measures – Suspension of operation of a measure – Interim measures – Conditions for granting – Serious and irreparable damage – Damage resulting from the decision of the European Central Bank (ECB) to withdraw a credit institution’s authorisation – Decisive cause of the damage not arising from the decision of the ECB – Suspension of operation of that decision not justified
(Arts 278 and 279 TFEU)
(see paras 32-33)
Re:
Application under Articles 278 and 279 TFEU for suspension of operation of the decision of 14 November 2019, ref: ECB-SSM-2019-AT‑8, WHD-2019-0009, by which the European Central Bank withdrew the authorisation of Anglo Austrian AAB Bank AG as a credit institution from the date of notification of the decision.
Operative part of the order
1.
The application is dismissed.
2.
The costs are reserved.