Joined Cases C-777/22 P and C-789/22 P: Judgment of the Court (Grand Chamber) of 15 July 2025 – European Central Bank v Francesca Corneli (Appeal – Economic and monetary policy – Directive 2014/59/EU – Recovery and resolution of credit institutions – Articles 27 to 29 – Early intervention measures – Regulation (EU) No 1024/2013 – Single supervisory mechanism – Article 4(3) – Decision of the European Central Bank (ECB) to place a bank under temporary administration – Action for annulment brought by a shareholder – Article 263, fourth paragraph, TFEU – Act of an EU institution that is of direct and individual concern to a natural person – Ending of placement under temporary administration – Continued interest in bringing proceedings – Application of EU and national law by the ECB – Obligation to interpret national law in conformity with EU law)
Date: 2025-07-15
Institutions: Court of Justice
Subjects: EU banking union, Italy, bank, banking supervision, law of banking, national law, protection of shareholders, shareholder








C_202504716EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/4716


8.9.2025






Judgment of the Court (Grand Chamber) of 15 July 2025 – European Central Bank v Francesca Corneli


(Joined Cases C-777/22 P and C-789/22 P)
                (1)

(Appeal - Economic and monetary policy - Directive 2014/59/EU - Recovery and resolution of credit institutions - Articles 27 to 29 - Early intervention measures - Regulation (EU) No 1024/2013 - Single supervisory mechanism - Article 4(3) - Decision of the European Central Bank (ECB) to place a bank under temporary administration - Action for annulment brought by a shareholder - Article 263, fourth paragraph, TFEU - Act of an EU institution that is of direct and individual concern to a natural person - Ending of placement under temporary administration - Continued interest in bringing proceedings - Application of EU and national law by the ECB - Obligation to interpret national law in conformity with EU law)
(C/2025/4716)
Language of the case: Italian

Parties


Appellants: European Central Bank, (represented: initially by C. Hernández Saseta and A. Pizzolla, acting as Agents, and by M. Lamandini, avvocato, and subsequently by C. Hernández Saseta, M. Ioannidis, A. Pizzolla and C. Zilioli, acting as Agents, and by M. Lamandini, avvocato) in Case C-777/22 P and European Commission, (represented: initially by V. Di Bucci, A. Nijenhuis and D. Triantafyllou, acting as Agents, and subsequently by P. A Messina, A. Nijenhuis and D. Triantafyllou, acting as Agents, and most recently by P. A. Messina and D. Triantafyllou, acting as Agents) in Case C-789/22 P

supported by: Italian Republic (represented: initially by G. Palmieri, acting as Agent, and by P. Gentili, avvocato dello Stato, and subsequently by S. Fiorentino, acting as Agent, and by P. Gentili, avvocato dello Stato)

Other party to the proceedings: Francesca Corneli (represented initially by L. Boggio and F. Ferraro, avvocati, and subsequently by L. Boggio, F. Ferraro and C. E. Tuo, avvocati)

Operative part of the judgment

The Court:






1.


Sets aside the judgment of the General Court of the European Union of 12 October 2022, Corneli v ECB (T 502/19, EU:T:2022:627);










2.


Declares that the action brought by Ms Francesca Corneli seeking annulment of European Central Bank (ECB) Decision ECB-SSM-2019-ITCAR-11 of 1 January 2019 placing Banca Carige SpA under temporary administration and ECB Decision ECB-SSM-2019-ITCAR-13 of 29 March 2019 extending the duration of the period of temporary administration up to 30 September 2019 is admissible;










3.


Dismisses the fourth plea in law of the action at first instance, in so far as it alleges an error in law in the determination of the legal basis relied upon in order to adopt the decisions at issue, and refers the case back to the General Court of the European Union for a decision on the other pleas in law and arguments put forward in support of that action;










4.


Reserves the costs.






(1)  
            OJ C 63, 20.2.2023.


ELI: http://data.europa.eu/eli/C/2025/4716/oj
ISSN 1977-091X (electronic edition)