Case T-510/17: Judgment of the General Court of 1 June 2022 — Del Valle Ruíz and Others v Commission and SRB (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 — Adoption by the SRB of a resolution scheme in respect of Banco Popular Español — Right to be heard — Delegation of power — Right to property — Obligation to state reasons — Articles 18 and 20 and Article 21(1) of Regulation (EU) No 806/2014)
Date: 2022-06-01
Institutions: General Court
Subjects: EU banking union, Spain, bank, bank resolution, company in difficulties, delegation of power, ownership, rights of the defence








C_2022284EN.01002201.xml










25.7.2022   


EN


Official Journal of the European Union


C 284/22






Judgment of the General Court of 1 June 2022 — Del Valle Ruíz and Others v Commission and SRB
(Case T-510/17) (1)

(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 - Adoption by the SRB of a resolution scheme in respect of Banco Popular Español - Right to be heard - Delegation of power - Right to property - Obligation to state reasons - Articles 18 and 20 and Article 21(1) of Regulation (EU) No 806/2014)
(2022/C 284/25)
Language of the case: English

Parties


Applicants: Antonio Del Valle Ruíz (Mexico, Mexico) and 41 other applicants whose names are listed in the annex to the judgment (represented by: J. Pobjoy, Barrister, B. Kennelly QC, and S. Walker, Solicitor)

Defendants: European Commission (represented by: L. Flynn and A. Steiblytė, acting as Agents), Single Resolution Board (represented by: J. King and M. Fernández Rupérez, acting as Agents, and by B. Meyring, S. Schelo, F. Fernández de Trocóniz Robles, T. Klupsch and S. Ianc, lawyers)

Interveners in support of the defendants: Kingdom of Spain (represented by: L. Aguilera Ruiz and J. Rodríguez de la Rúa Puig, acting as Agents), European Parliament (represented by: L. Visaggio, J. Etienne, M. Menegatti, M. Sammut, L. Stefani and M. Martínez Iglesias, acting as Agents), Council of the European Union (represented by: A. de Gregorio Merino, J. Bauerschmidt, A. Westerhof Löfflerová and H. Marcos Fraile, acting as Agents), Banco Santander, SA (Santander, Spain) (represented by: J. Rodríguez Cárcamo, A. Rodríguez Conde, D. Sarmiento Ramírez-Escudero, lawyers, and G. Cahill, Barrister)

Re:

Application based on Article 263 TFEU for annulment of Decision SRB/EES/2017/08 of the Executive Session of the SRB of 7 June 2017 concerning the adoption of a resolution scheme in respect of Banco Popular Español, SA, and for annulment of Commission Decision (EU) 2017/1246 of 7 June 2017 endorsing the resolution scheme for Banco Popular Español S.A. (OJ 2017 L 178, p. 15).

Operative part of the judgment

The Court:






1.


Dismisses the action;










2.


Orders Mr Antonio Del Valle Ruíz and the other applicants whose names are listed in the annex to bear their own costs and pay the costs incurred by the European Commission, the Single Resolution Board (SRB) and Banco Santander, SA;










3.


Orders the Kingdom of Spain, the European Parliament and the Council of the European Union to bear their own costs.






(1)  OJ C 374, 6.11.2017.