CELEX: 62019TB0002
Language: en
Date: 2019-10-10 00:00:00
Title: Case T-2/19: Order of the General Court of 10 October 2019 — Algebris (UK) v Anchorage Capital Group v SRB (Action for annulment — Economic and monetary policy — Single resolution mechanism for credit institutions and certain investment firms — Resolution scheme in respect of Banco Popular Español — No ex post definitive valuation of Banco Popular Español — Lack of direct concern — Inadmissibility)

16.12.2019   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 423/56
            
         
      Order of the General Court of 10 October 2019 — Algebris (UK) v Anchorage Capital Group v SRB
      (Case T-2/19) (1)
      
      (Action for annulment - Economic and monetary policy - Single resolution mechanism for credit institutions and certain investment firms - Resolution scheme in respect of Banco Popular Español - No ex post definitive valuation of Banco Popular Español - Lack of direct concern - Inadmissibility)
      (2019/C 423/71)
      Language of the case: English
      
         Parties
      
      
         Applicant: Algebris (UK) Ltd (London, United Kingdom) and Anchorage Capital Group LLC (New York, New York, United States) (represented by: T. Soames, lawyer, R. East, Solicitor, N. Chesaites and D. Mackersie, Barristers)
      
         Defendant: Single Resolution Board (SRB) (represented by: A. Valavanidou, I. Georgiopoulos and E. Muratori, acting as Agents, and by H.-G. Kamann, F. Louis, V. Del Pozo Espinosa De Los Monteros, G. Barthet and C. Schwedler, lawyers)
      
         Re:
      
      Application under Article 263 TFEU for the annulment of the ‘decision of the SRB, notified to the applicants on 18 December 2018, not to proceed with an ex post definitive valuation of Banco Popular Español, SA’.
      
         Operative part of the order
      
      
                  1.
               
               
                  
                     The action is dismissed as being inadmissible.
                  
               
            
                  2.
               
               
                  
                     Algebris (UK) Ltd and Anchorage Capital Group LLC shall pay the costs.
                  
               
            
         (1)  OJ C 82, 4.3.2019.