Order of the General Court of 24 September 2021 – Pilatus Bank v ECB
(Case T-139/19) 1
(Economic and monetary policy – Prudential supervision of credit institutions – Withdrawal of licence – Tasks conferred on the ECB – Action manifestly lacking any foundation in law)
Language of the case: English
Parties
Applicant: Pilatus Bank plc (Ta’Xbiex, Malta) (represented by: O. Behrends, lawyer)
Defendant: European Central Bank (represented by: A. Karpf, E. Yoo and M. Puidokas, acting as Agents)
Re:
Action pursuant to Article 263 TFEU for annulment of the ECB’s decision of 21 December 2018 declaring to the applicant that it was no longer competent to ensure its direct prudential supervision and to take measures concerning it.
Operative part of the order
The action is dismissed.
Pilatus Bank plc shall bear its own costs and pay those incurred by the European Central Bank (ECB).
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1     OJ C 139, 15.4.2019.