Case T-456/23: Order of the General Court of 6 August 2024 – Crédit agricole 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 ex ante contributions for the 2023 contribution period – Article 70(2) of Regulation (EU) No 806/2014 – Action manifestly well founded – Limitation of the temporal effects of the order)
Date: 2024-08-06
Institutions: General Court
Subjects: EU banking union, bank, bank resolution, company in difficulties, financing method, financing plan








C_202405805EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/5805


7.10.2024






Order of the General Court of 6 August 2024 – Crédit agricole and Others v SRB


(Case T-456/23)
                (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 ex ante contributions for the 2023 contribution period - Article 70(2) of Regulation (EU) No 806/2014 - Action manifestly well founded - Limitation of the temporal effects of the order)
(C/2024/5805)
Language of the case: French

Parties


Applicants: Crédit agricole SA (Montrouge, France) and the 55 other applicants whose names are listed in the annex to the order (represented by: A. Gosset-Grainville and M. Trabucchi, lawyers)

Defendant: Single Resolution Board (represented by: J. Kerlin, C. Flynn and C. De Falco, acting as Agents, and by F. Louis and H.-G. Kamann, lawyers)

Interveners in support of the defendant: European Parliament (represented by: J. Etienne, G. Bartram and L. Taïeb, acting as Agents), Council of the European Union (represented by: E. d’Ursel, J. Haunold and A. Westerhof Löfflerová, acting as Agents)

Re:

By their action under Article 263 TFEU, the applicants seek the annulment of Decision SRB/ES/2023/23 of the Single Resolution Board (SRB) of 2 May 2023 on the calculation of the 2023 ex ante contributions to the Single Resolution Fund (SRF), in so far as that decision concerns them.

Operative part of the order

The Court hereby orders:






1.


Decision SRB/ES/2023/23 of the Single Resolution Board (SRB) of 2 May 2023 on the calculation of the 2023 ex ante contributions to the Single Resolution Fund, in so far as it concerns Crédit agricole SA and the other applicants whose names are listed in the annex, is annulled.










2.


The effects of Decision SRB/ES/2023/23, in so far as it concerns Crédit agricole and the other applicants whose names are listed in the annex, are maintained until the SRB has taken the measures necessary to implement the present order, which must occur within a reasonable period that cannot exceed six months from the day on which the present order becomes final.










3.


The SRB shall bear its own costs and pay those incurred by Crédit agricole and the other applicants whose names are listed in the annex.










4.


The European Parliament and the Council of the European Union shall bear their own costs.






(1)  
            OJ C C/2023/54, 9.10.2023.


ELI: http://data.europa.eu/eli/C/2024/5805/oj
ISSN 1977-091X (electronic edition)