62022TO0527_INF
Order of the General Court (Seventh Chamber) of 10 October 2023 –Sberbank v SRB
(Case T‑527/22) (
1
)
(Action for annulment – Economic and monetary union – Banking union – Single Resolution Mechanism for credit institutions and certain investment firms (SRM) – Resolution procedure applicable where an entity is failing or is likely to fail – Decision of the SRB not to adopt a resolution scheme – Shareholders – Lack of direct concern – Inadmissibility)
Action for annulment – Natural or legal persons – Measures of direct and individual concern to them – Direct concern – Criteria – Decision of the Single Resolution Board (SRB) not to adopt a resolution scheme in respect of a credit institution – Determination of whether that decision directly affects the legal situation of the shareholders of that institution – No effect on the right of shareholders to receive dividends and to participate in the management of that credit institution – Lack of direct concern – Inadmissibility
(Art. 263, fourth para., TFEU; European Parliament and Council Regulation No 806/2014)
(see paragraphs 24, 26-30, 48)
Operative part
1.
The action is dismissed as inadmissible.
2.
There is no need to rule on the application to intervene made by the European Central Bank (ECB).
3.
Sberbank of Russia PAO shall bear its own costs and pay those incurred by the Single Resolution Board (SRB), with the exception of those relating to the application to intervene.
4.
Sberbank of Russia, the SRB and the ECB shall each bear their own costs relating to the application to intervene.
(
1
)	OJ C 441, 21.11.2022.