62017TO0532_INF
Order of the General Court (Eighth Chamber) of 22 January 2025 –Coral Venture v SRB
(Case T‑532/17)
(Action for annulment and for damages – Economic and monetary policy – Single resolution mechanism for credit institutions and certain investment firms – Resolution scheme in respect of Banco Popular Español – Act not open to challenge – Manifest inadmissibility)
1.
Action for annulment – Actionable measures – Definition – Measures producing binding legal effects – Preparatory measures – Decision to adopt a resolution scheme by the Single Resolution Board (SRB) – Entry into force – No binding legal effects produced – Precluded
(Art. 263 TFEU; European Parliament and Council Regulation No 806/2014, Arts 18(1) to (8) and 30(1) and (2))
(see paragraphs 13, 14)
2.
Actions for damages – Application for damages linked to an application for annulment – Dismissal of application for annulment leading to dismissal of the application for damages
(Arts 263 and 340 TFEU)
(see paragraph 17)
Operative part
1.
The action is dismissed.
2.
There is no need to adjudicate on the applications for leave to intervene by the Kingdom of Spain, the European Commission, Banco Santander, SA and Banco Popular Español, SA.
3.
Coral Venture, SL shall bear its own costs and pay those incurred by the Single Resolution Board (SRB).
4.
The Kingdom of Spain and the Commission shall each bear their own costs relating to the applications for leave to intervene.
5.
Banco Santander shall bear its own costs and pay those incurred by Banco Popular Español relating to the applications for leave to intervene.