62018TO0599_INF
Order of the General Court (Eighth Chamber) of 10 October 2019 –Aeris Invest v SRB
(Case T‑599/18)
(Action for annulment — Economic and monetary policy — Single resolution mechanism for credit institutions and certain investment firms — Resolution scheme in respect of Banco Popular Español — No ex-post definitive valuation of Banco Popular Español — Act not open to challenge — Inadmissibility)
1.
Action for annulment — Actionable measures — Concept — Measures producing binding legal effects — Assessment by reference to objective criteria
(Art. 263 TFEU)
(see paras 34, 35)
2.
Action for annulment — Actionable measures — Concept — Measures producing binding legal effects — Letter from an institution — Not included
(Art. 263 TFEU)
(see para. 36)
3.
Action for annulment — Actionable measures — Concept — Measures producing binding legal effects — Single resolution mechanism for credit institutions and certain investment firms — Letter sent to the applicant containing a decision of the SRB not to carry out an ex post definitive valuation of the entity — Application to the entity of a sale of business tool not permitting the payment of compensation following a definitive valuation — Loss of the applicant’s capacity as a shareholder — Applicant’s situation not affected by a possible ex post definitive valuation — Not included
(Art. 263 TFEU; European Parliament and Council Regulation No 806/2014, Art. 20(11), (12), (16), (17) and (18), Art. 76(1)(e) and Art. 24)
(see paras 40-49, 51, 52, 54-62)
4.
Action for annulment — Actionable measures — Concept — Measures producing binding legal effects — Not possible for that condition to be set aside by invoking the right to effective judicial protection
(Art. 263 TFEU; Charter of Fundamental Rights of the European Union, Arts 47 and 52(7))
(see paras 64, 65)
Re:
Application under Article 263 TFEU for annulment of the ‘decision of the SRB, notified to the applicant by letter of 14 September 2018, not to carry out an ex-post definitive valuation of Banco Popular Español, SA’.
Operative part
1.
The action is dismissed as inadmissible.
2.
Aeris Invest Sàrl shall pay the costs.