Joined Cases C-512/22 P and C-513/22 P: Judgment of the Court (Fourth Chamber) of 19 September 2024 – Finanziaria d'investimento Fininvest SpA (Fininvest) and Others v European Central Bank and Others (Appeal – Economic and monetary policy – Prudential supervision of credit institutions – Directive 2013/36/EU – Regulation (EU) No 1024/2013 – Specific supervisory tasks assigned to the European Central Bank (ECB) – Assessment of acquisitions of qualifying holdings – Opposition to the acquisition of a qualifying holding)
Date: 2024-09-19
Institutions: Court of Justice
Subjects: EU banking union, banking supervision, credit institution, financial supervision, powers of the institutions (EU), shareholding








C_202406386EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/6386


4.11.2024






Judgment of the Court (Fourth Chamber) of 19 September 2024 – Finanziaria d'investimento Fininvest SpA (Fininvest) and Others v European Central Bank and Others


(Joined Cases C-512/22 P and C-513/22 P)
                (1)

(Appeal - Economic and monetary policy - Prudential supervision of credit institutions - Directive 2013/36/EU - Regulation (EU) No 1024/2013 - Specific supervisory tasks assigned to the European Central Bank (ECB) - Assessment of acquisitions of qualifying holdings - Opposition to the acquisition of a qualifying holding)
(C/2024/6386)
Language of the case: Italian

Parties


Appellants: C-512/22 P: Finanziaria d'investimento Fininvest SpA (Fininvest) (represented by: A. Baldaccini, M. Carpinelli, A. Saccucci and R. Vaccarella, avvocati), C-513/24 P: Marina Elvira Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Eleonora Berlusconi, Luigi Berlusconi (represented initially by A. Di Porto, N. Ghedini, B. Nascimbene and G. Perroni, avvocati, and subsequently by A. Di Porto, B. Nascimbene and G. Perroni, avvocati)

Other parties to the proceedings: Silvio Berlusconi, European Central Bank (represented by: G. Buono and C. Hernández Saseta, acting as Agents, and by M. Lamandini, avvocato), European Commission (represented initially by V. Di Bucci, A. Nijenhuis, A. Steiblytė and D. Triantafyllou, subsequently by P.A, Messina, A. Nijenhuis, A. Steiblytė and D. Triantafyllou, and lastly by P.A. Messina, A. Steiblytė and D. Triantafyllou, acting as Agents)

Operative part of the judgment

The Court:






1.


Sets aside the judgment of the General Court of the European Union of 11 May 2022, Fininvest and Berlusconi v ECB (T-913/16, EU:T:2022:279);










2.


Annuls Decision ECB/SSM/2016 – 7LVZJ6XRIE7VNZ4UBX81/4 of the European Central Bank (ECB) of 25 October 2016;










3.


Orders the European Central Bank (ECB) to bear its own costs and to pay those incurred by Finanziaria d’investimento Fininvest SpA (Fininvest), Mr Silvio Berlusconi and Ms Marina Elvira Berlusconi, Mr Pier Silvio Berlusconi, Ms Barbara Berlusconi, Ms Eleonora Berlusconi and Mr Luigi Berlusconi, legal heirs of Mr Silvio Berlusconi, relating to the proceedings at first instance and on appeal;










4.


Orders the European Commission to bear its own costs.






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            OJ C 359, 19.9.2022.


ELI: http://data.europa.eu/eli/C/2024/6386/oj
ISSN 1977-091X (electronic edition)