Case C-535/22 P: Judgment of the Court (First Chamber) of 4 October 2024 – Aeris Invest Sàrl v European Commission, Single Resolution Board (SRB) (Appeal – Economic and monetary policy – Banking Union – Regulation (EU) No 806/2014 – Single Resolution Mechanism for credit institutions and certain investment firms – Resolution procedure applicable where an entity is failing or is likely to fail – Adoption of a resolution scheme in respect of Banco Popular Español SA – Article 18(1) – Conditions for the adoption of a resolution scheme – Obligations of the Single Resolution Board (SRB) – Duty of care – Obligation to state reasons – Article 88 – Obligation of confidentiality – Article 14 – Resolution objectives – Sale of business of the entity concerned – Conditions of sale under which an offer may be accepted – Charter of Fundamental Rights of the European Union – Article 17 – Shareholders’ right to property – Validity of Regulation (EU) No 806/2014)
Date: 2024-10-04
Institutions: Court of Justice
Subjects: bank resolution, capital depreciation, company in difficulties, credit institution, financial solvency, indemnification, ownership, principle of proportionality, rights of the defence, selling price








C_202500874EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/874


17.2.2025






Judgment of the Court (First Chamber) of 4 October 2024 – Aeris Invest Sàrl v European Commission, Single Resolution Board (SRB)


(Case C-535/22 P)
                (1)

(Appeal - Economic and monetary policy - Banking Union - Regulation (EU) No 806/2014 - Single Resolution Mechanism for credit institutions and certain investment firms - Resolution procedure applicable where an entity is failing or is likely to fail - Adoption of a resolution scheme in respect of Banco Popular Español SA - Article 18(1) - Conditions for the adoption of a resolution scheme - Obligations of the Single Resolution Board (SRB) - Duty of care - Obligation to state reasons - Article 88 - Obligation of confidentiality - Article 14 - Resolution objectives - Sale of business of the entity concerned - Conditions of sale under which an offer may be accepted - Charter of Fundamental Rights of the European Union - Article 17 - Shareholders’ right to property - Validity of Regulation (EU) No 806/2014)
(C/2025/874)
Language of the case: Spanish

Parties


Appellant: Aeris Invest Sàrl (represented initially by: E. Galán Burgos, R. Vallina Hoset and M. Varela Suárez, abogados, and subsequently by C. Jaramillo Samper, R. Vallina Hoset and M. Varela Suárez, abogados)

Other parties to the proceedings: European Commission (represented by: L. Flynn, P. Němečková, A. Nijenhuis, A. Steiblytė and D. Triantafyllou, acting as Agents, and by J. Rivas Andrés, abogado), Single Resolution Board (SRB) (represented by: H. Ehlers, M.S. Fernández Rupérez, A.R. Lapresta Bienz and J. Rius Riu, acting as Agents, and by F.B. Fernández de Trocóniz Robles, abogado, B. Meyring and S. Schelo, Rechtsanwälte), Kingdom of Spain (represented by: L. Aguilera Ruiz and M.J. Ruiz Sánchez, acting as Agents), 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. 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.


Dismisses the appeal;










2.


Orders Aeris Invest Sàrl to bear its own costs and to pay those incurred by the European Commission, by the Single Resolution Board (SRB) and by Banco Santander SA;










3.


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






(1)  
            OJ C 380, 3.10.2022.


ELI: http://data.europa.eu/eli/C/2025/874/oj
ISSN 1977-091X (electronic edition)