Case T-384/21: Judgment of the General Court of 20 December 2023 — Confédération nationale du Crédit mutuel and Others v SRB (Economic and monetary union — Banking union — Single resolution mechanism for credit institutions and certain investment firms (SRM) — Single Resolution Fund (SRF) — Decision of the SRB on the calculation of the 2021 ex-ante contributions — Duty to state reasons — Principle of good administration — Principle of effective judicial protection — Plea of illegality — Limitation of the temporal effects of the judgment)
Date: 2023-12-20
Institutions: General Court
Subjects: EU banking union, bank, company in difficulties, financing plan, fund (EU), right to an effective remedy








C_202401853EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/1853


11.3.2024





Judgment of the General Court of 20 December 2023 — Confédération nationale du Crédit mutuel and Others v SRB
(Case T-384/21) (1)

(Economic and monetary union - Banking union - Single resolution mechanism for credit institutions and certain investment firms (SRM) - Single Resolution Fund (SRF) - Decision of the SRB on the calculation of the 2021 ex-ante contributions - Duty to state reasons - Principle of good administration - Principle of effective judicial protection - Plea of illegality - Limitation of the temporal effects of the judgment)
(C/2024/1853)
Language of the case: French

Parties


Applicants: Confédération nationale du Crédit mutuel (Paris, France) and 26 other applicants whose names are listed in the annex to the judgment (represented by: A. Gosset-Grainville and M. Trabucchi, lawyers)

Defendant: Single Resolution Board (represented by: J. Kerlin, C. De Falco and C. Flynn, acting as Agents, and by H.-G. Kamann, F. Louis, P. Gey and V.Del Pozo Espinosa de los Monteros, lawyers)

Interveners in support of the defendent: European Parliament (represented by: J. Etienne, O. Denkov and M. Menegatti, acting as Agents), Council of the European Union (represented by: E. d’Ursel, A. Westerhof Löfflerová and J. Bauerschmidt, acting as Agents), European Commission (represented by: D. Triantafyllou, A. Nijenhuis and A. Steiblytė, acting as Agents)

Re:

By their action under Article 263 TFEU, the applicants seek the annulment of Decision SRB/ES/2021/22 of the Single Resolution Board (SRB) of 14 April 2021 on the calculation of the 2021 ex-ante contributions to the Single Resolution Fund, in so far as that decision concerns them.

Operative part of the judgment

The Court:






1.


Annuls Decision SRB/ES/2021/22 of the Single Resolution Board (SRB) of 14 April 2021 on the calculation of the 2021 ex-ante contributions to the Single Resolution Fund, in so far as it concerns Confédération nationale du Crédit mutuel and the other applicants whose names are listed in the annex;










2.


Maintains the effects of Decision SRB/ES/2021/22 in so far as it concerns Confédération nationale du Crédit mutuel and the other applicants whose names are listed in the annex until the entry into force, within a reasonable period which cannot exceed six months from the date of delivery of the present judgment, of a new decision of the SRB fixing those institutions’ ex-ante contribution to the Single Resolution Fund for the 2021 contribution period;










3.


Orders the SRB to bear its own costs and to pay those incurred by Confédération nationale du Crédit mutual and the other applicants whose names are listed in the annex;










4.


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






(1)  
            OJ C 338, 23.8.2021



ELI: http://data.europa.eu/eli/C/2024/1853/oj
ISSN 1977-091X (electronic edition)