Case T-431/22: Judgment of the General Court of 23 October 2024 – Nordea Kiinnitysluottopankki v SRB (2022 ex ante contributions) (Economic and monetary union – Banking union – Single Resolution Mechanism of credit institutions and certain investment firms (SRM) – Single Resolution Fund (SRF) – Decision of the Single Resolution Board (SRB) on the calculation of the ex ante contributions for the 2022 contribution period – Article 70(2) of Regulation (EU) No 806/2014 – Error of law – Limitation of the temporal effects of the judgment)
Date: 2024-10-23
Institutions: General Court
Subjects: EU banking union, bank, bank resolution, company in difficulties, financing method, financing plan, fund (EU)








C_202407324EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/7324


16.12.2024






Judgment of the General Court of 23 October 2024 – Nordea Kiinnitysluottopankki v SRB (2022 ex ante contributions)


(Case T-431/22)
                (1)

(Economic and monetary union - Banking union - Single Resolution Mechanism of credit institutions and certain investment firms (SRM) - Single Resolution Fund (SRF) - Decision of the Single Resolution Board (SRB) on the calculation of the ex ante contributions for the 2022 contribution period - Article 70(2) of Regulation (EU) No 806/2014 - Error of law - Limitation of the temporal effects of the judgment)
(C/2024/7324)
Language of the case: English

Parties


Applicant: Nordea Kiinnitysluottopankki Oyj (Helsinki, Finland) (represented by: H. Berger, M. Weber and D. Schoo, lawyers)

Defendant: Single Resolution Board (represented by: J. Kerlin, C. Flynn, K.-P. Wojcik and C. De Falco, acting as Agents, and by G. Coppo and K. Bongs, lawyers)

Interveners in support of the defendant: European Parliament (represented by: O. Denkov, J. Etienne and E. Ni Chaoimh, acting as Agents), Council of the European Union (represented by: J. Haunold, E. d’Ursel and A. Westerhof Löfflerová, acting as Agents)

Re:

By its action based on Article 263 TFEU, the applicant seeks annulment of Decision SRB/ES/2022/18 of the Single Resolution Board (SRB) of 11 April 2022 on the calculation of the 2022 ex ante contributions to the Single Resolution Fund (SRF), in so far as that decision concerns its ex ante contribution.

Operative part of the judgment

The Court:






1.


Annuls Decision SRB/ES/2022/18 of the Single Resolution Board (SRB) of 11 April 2022 on the calculation of the 2022 ex ante contributions to the Single Resolution Fund (SRF) in so far as it concerns Nordea Kiinnitysluottopankki Oyj;










2.


Maintains the effects of Decision SRB/ES/2022/18, in so far as it concerns Nordea Kiinnitysluottopankki, until the SRB has taken the measures necessary to implement the present judgment, which must occur within a reasonable period that cannot exceed six months from the day on which the present judgment becomes final;










3.


Orders the SRB to bear its own costs and to pay those incurred by Nordea Kiinnitysluottopankki;










4.


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






(1)  
            OJ C 359, 19.9.2022.


ELI: http://data.europa.eu/eli/C/2024/7324/oj
ISSN 1977-091X (electronic edition)