Case T-396/21: Judgment of the General Court of 17 July 2024 – Deutsche Bank 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 ex ante contributions for 2021 – Obligation to state reasons – Effective judicial protection – Equal treatment – Principle of proportionality – SRB’s margin of discretion – Plea of illegality – Commission’s margin of discretion – Limitation of the temporal effects of the judgment)
Date: 2024-07-17
Institutions: General Court
Subjects: EU banking union, bank, bank resolution, company in difficulties, discretionary power, equal treatment, financing plan, fund (EU), principle of proportionality, right to an effective remedy








C_202405227EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/5227


2.9.2024






Judgment of the General Court of 17 July 2024 – Deutsche Bank v SRB


(Case T-396/21)
                (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 ex ante contributions for 2021 - Obligation to state reasons - Effective judicial protection - Equal treatment - Principle of proportionality - SRB’s margin of discretion - Plea of illegality - Commission’s margin of discretion - Limitation of the temporal effects of the judgment)
(C/2024/5227)
Language of the case: German

Parties


Applicant: Deutsche Bank AG (Frankfurt-am-Main, Germany) (represented by: H. Berger, M. Weber and D. Schoo, lawyers)

Defendant: Single Resolution Board (represented by: J. Kerlin, T. Wittenberg and D. Ceran, acting as Agents, and by H.-G. Kamann, F. Louis, P. Gey and L. Hesse, lawyers)

Interveners in support of the defendant: European Parliament (represented by: U. Rösslein, M. Menegatti and G. Bartram, acting as Agents), Council of the European Union (represented by: J. Bauerschmidt, J. Haunold and A. Westerhof Löfflerová, acting as Agents), European Commission (represented by: D. Triantafyllou and A. Steiblytė, acting as Agents)

Re:

By its action under Article 263 TFEU, the applicant seeks the annulment of Decision SRB/ES/2021/22 of the Single Resolution Board (SRB) of 14 April 2021 on the calculation of the ex ante contributions for 2021 to the Single Resolution Fund, in so far as the decision concerns it.

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 ex ante contributions for 2021 to the Single Resolution Fund insofar as it concerns Deutsche Bank AG.










2.


Maintains the effects of Decision SRB/ES/2021/22, in so far as it concerns Deutsche Bank AG until the entry into force, within a reasonable period which may not exceed six months from the date of delivery of the present judgment, of a new decision of the CRU fixing the ex ante contribution to the Single Resolution Fund of that institution for the 2021 contribution period.










3.


Orders the SRB to bear its own costs and to pay those incurred by Deutsche Bank AG.










4.


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






(1)  
            OJ C 349, 30.8.2021.


ELI: http://data.europa.eu/eli/C/2024/5227/oj
ISSN 1977-091X (electronic edition)