CELEX: 62017TN0545
Language: en
Date: 2017-08-07 00:00:00
Title: Case T-545/17: Action brought on 7 August 2017 — Afectados Banco Popular v SRB

11.12.2017   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 424/38
            
         Action brought on 7 August 2017 — Afectados Banco Popular v SRB
   (Case T-545/17)
   (2017/C 424/56)
   Language of the case: Spanish
   
      Parties
   
   
      Applicant: Afectados Banco Popular (Madrid, Spain) (represented by: I. Ferrer-Bonsoms Millet, lawyer)
   
      Defendant: Single Resolution Board
   
      Form of order sought
   
   The applicant claims that the Court should:
   
               —
            
            
               Annul the contested decision, declare the transactions carried out under it ineffective and order the return of the property of the Banco Popular Español, S.A. to the shareholders and bond-holders concerned, putting them back in the position they were in before the intervention;
            
         
               —
            
            
               If that is not possible, declare in any event that the conversion of the bonds into shares is ineffective, maintaining bond-holders in the same position as they were in on 6 June 2017 and order the payment of compensation to shareholders by payment corresponding to the actual value of the bank and, accordingly, of the shares on 30 June 2016.
            
         
      Pleas in law and main arguments
   
   The pleas in law and main arguments are similar to those put forward in Cases T-478/17, Mutualidad de la Abogacía and Hermandad Nacional de Arquitectos Superiores y Químicos v Single Resolution Board, T-481/17, Fundación Tatiana Pérez de Guzmán el Bueno and SFL v Single Resolution Board, T-482/17, Comercial Vascongada Recalde v Commission and Single Resolution Board, T-483/17, García Suárez and Others v Commission and Single Resolution Board, T-484/17, Fidesban and Others v Single Resolution Board, T-497/17, Sáchez del Valle and Calatrava Real State 2015 v Commission and Single Resolution Board, and T-498/17, Pablo Álvarez de Linera Granda v Commission and Single Resolution Board.