Case C-551/22 P: Judgment of the Court (Grand Chamber) of 18 June 2024 – European Commission v Fundación Tatiana Pérez de Guzmán el Bueno, Stiftung für Forschung und Lehre (SFL), Single Resolution Board (SRB), Kingdom of Spain, European Parliament, Council of the European Union, Banco Santander SA (Appeal – Economic and monetary policy – Banking Union – Regulation (EU) No 806/2014 – Single resolution mechanism – Resolution procedure applicable where an entity is failing or is likely to fail – Article 18(7) – Adoption by the Single Resolution Board of a resolution scheme – Endorsement of that scheme by the European Commission – Article 86(2) – Act against which proceedings may be brought – Action for annulment – Admissibility)
Date: 2024-06-18
Institutions: Court of Justice
Subjects: EU banking union, Spain, admissibility, bank, bank resolution, company in difficulties, rights of the defence








C_202404694EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/4694


5.8.2024






Judgment of the Court (Grand Chamber) of 18 June 2024 – European Commission v Fundación Tatiana Pérez de Guzmán el Bueno, Stiftung für Forschung und Lehre (SFL), Single Resolution Board (SRB), Kingdom of Spain, European Parliament, Council of the European Union, Banco Santander SA


(Case C-551/22 P)
                (1)

(Appeal - Economic and monetary policy - Banking Union - Regulation (EU) No 806/2014 - Single resolution mechanism - Resolution procedure applicable where an entity is failing or is likely to fail - Article 18(7) - Adoption by the Single Resolution Board of a resolution scheme - Endorsement of that scheme by the European Commission - Article 86(2) - Act against which proceedings may be brought - Action for annulment - Admissibility)
(C/2024/4694)
Language of the case: Spanish

Parties


Appellant: European Commission (represented by: L. Flynn, P. Němečková, A. Nijenhuis, A. Steiblytė and D. Triantafyllou, acting as Agents)

Other parties to the proceedings: Fundación Tatiana Pérez de Guzmán el Bueno, Stiftung für Forschung und Lehre (SFL) (represented by: R. Pelayo Jiménez and R. Pelayo Torrent, abogados), Single Resolution Board (SRB) (represented by: H. Ehlers, S. Fernández Rupérez, A.R. Lapresta Bienz and J.M. Rius Riu, acting as Agents and by F.B. Fernández de Trocóniz Robles, abogado, and B. Meyring and S. Schelo, Rechtsanwälte), Kingdom of Spain, European Parliament (represented by: J. Etienne, P. López-Carceller, M. Menegatti, L. Stefani and L. Visaggio, acting as Agents), Council of the European Union (represented by: J. Bauerschmidt, J. Haunold, H. Marcos Fraile and A. Westerhof Löfflerová, acting as Agents), Banco Santander SA (represented by: J. Remón Peñalver, J.M. Rodríguez Cárcamo, A.M. Rodríguez Conde and D. Sarmiento Ramírez-Escudero, abogados)

Operative part of the judgment

The Court:






1.


Sets aside the judgment of the General Court of the European Union of 1 June 2022, Fundación Tatiana Pérez de Guzmán el Bueno and SFL v SRB (T-481/17, EU:T:2022:311), in so far as it finds that the action brought by Fundación Tatiana Pérez de Guzmán el Bueno and Stiftung für Forschung und Lehre (SFL) seeking annulment of Decision SRB/EES/2017/08 of the Executive Session of the Single Resolution Board of 7 June 2017, concerning the adoption of a resolution scheme in respect of Banco Popular Español SA is admissible;










2.


Dismisses the action brought by Fundación Tatiana Pérez de Guzmán el Bueno and SFL seeking annulment of Decision SRB/EES/2017/08 as inadmissible;










3.


Orders Fundación Tatiana Pérez de Guzmán el Bueno and SFL to bear their own costs and to pay those incurred by the Single Resolution Board (SRB) and Banco Santander SA, relating to the proceedings at first instance; orders SFL to bear its own costs and to pay those incurred by the European Commission relating to the present appeal;










4.


Declares that the SRB shall bear its own costs relating to the present appeal;










5.


Declares that the Kingdom of Spain, the European Parliament and the Council of the European Union shall bear their own costs relating to the proceedings at first instance and to the present appeal; declares that the Commission shall bear its own costs relating to the proceedings at first instance.






(1)  
            OJ C 389, 10.10.2022.


ELI: http://data.europa.eu/eli/C/2024/4694/oj
ISSN 1977-091X (electronic edition)