62020CJ0410_SUM
Case C‑410/20
Banco Santander SA
v
J.A.C.andM.C.P.R.
(Request for a preliminary rulingfrom the Audiencia Provincial de A Coruña)
Judgment of the Court (Third Chamber) of 5 May 2022
(Reference for a preliminary ruling – Directive 2014/59/EU – Resolution of credit institutions and investment firms – General principles – Article 34(1) – Bail-in – Effects – Article 53(1) and (3) – Write-down of capital instruments – Article 60(2), first subparagraph, points (b) and (c) – Articles 73 to 75 – Protection of the rights of shareholders and creditors – Directive 2003/71/EC – Prospectus to be published when securities are offered to the public or admitted to trading – Article 6 – Incorrect information in the prospectus – Action for damages brought after a resolution decision – Action for a declaration of nullity of a share purchase contract brought against the universal successor of the credit institution subject to a resolution decision)
Judicial proceedings – Request that the oral procedure be reopened – Request to lodge observations following the Advocate General’s Opinion – Conditions for reopening
(Art. 252, second para., TFEU; Rules of Procedure of the Court of Justice, Art. 83)
(see paragraphs 28, 29)
Economic and monetary policy – Economic policy – Recovery and resolution of credit institutions – Directive 2014/59 – Effect of bail-in – Write down or conversion of capital instruments
(European Parliament and Council Directives 2014/59, recital 49 and Arts 34(1)(a), 53(1) and (3) and 60(2), first subpara., points (b) and (c), and 2003/71, as amended by Directive 2008/11, Art. 6)
(see paragraphs 35, 37, 40-44, 51, operative part)
Economic and monetary policy – Economic policy – Recovery and resolution of credit institutions – Directive 2014/59 – Protective measures
(Charter of Fundamental Rights of the European Union, Arts 17 and 47; European Parliament and Council Directive 2014/59, recital 51 and Arts 34(1)(g), 73(b) to 75)
(see paragraphs 47-50)
See the text of the decision.