CELEX: C2004/300/14
Language: en
Date: 2004-12-04 00:00:00
Title: Judgment of the Court (sitting as a full Court) of 12 October 2004 in Case C-222/02 (reference for a preliminary ruling from the Bundesgerichtshof): Peter Paul, Cornelia Sonnen-Lütte, Christel Mörkens v Bundesrepublik Deutschland (Credit institutions — Deposit-guarantee schemes — Directive 94/19/EC — Directives 77/780/EEC, 89/299/EEC and 89/646/EEC — Supervisory measures by the competent authority for the purposes of protecting depositors — Liability of the supervisory authorities for losses resulting from defective supervision)

4.12.2004   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 300/7
            
         
      JUDGMENT OF THE COURT
   
   (sitting as a full Court)
   of 12 October 2004
   in Case C-222/02 (reference for a preliminary ruling from the Bundesgerichtshof): Peter Paul, Cornelia Sonnen-Lütte, Christel Mörkens v Bundesrepublik Deutschland (1)
   
   (Credit institutions - Deposit-guarantee schemes - Directive 94/19/EC - Directives 77/780/EEC, 89/299/EEC and 89/646/EEC - Supervisory measures by the competent authority for the purposes of protecting depositors - Liability of the supervisory authorities for losses resulting from defective supervision)
   (2004/C 300/14)
   Language of the case: German
   In Case C-222/02: reference for a preliminary ruling under Article 234 EC from the Bundesgerichtshof (Germany), made by decision of 16 May 2002, received at the Court on 17 June 2002, in the proceedings between Peter Paul, Cornelia Sonnen-Lütte, Christel Mörkens and Bundesrepublik Deutschland — the Court (sitting as a full Court), composed of: V. Skouris, President, P. Jann, C.W.A. Timmermans, A. Rosas, Presidents of Chambers, C. Gulmann (Rapporteur), J.-P. Puissochet, R. Schintgen, F. Macken, N. Colneric, S. von Bahr and J.N. Cunha Rodrigues, Judges; C. Stix-Hackl, Advocate General; M.-F. Contet, Principal Administrator, for the Registrar, has given a judgment on 12 October 2004, in which it has ruled:
   
               1.
            
            
               If the compensation of depositors prescribed by Directive 94/19/EC of the European Parliament and of the Council of 30 May 1994 on deposit-guarantee schemes is ensured, Article 3(2) to (5) of that directive cannot be interpreted as precluding a national rule to the effect that the functions of the national authority responsible for supervising credit institutions are to be fulfilled only in the public interest, which under national law precludes individuals from claiming compensation for damage resulting from defective supervision on the part of that authority.
            
         
               2.
            
            
               First Council Directive 77/780/EEC of 12 December 1977 on the coordination of the laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions, Council Directive 89/299/EEC of 17 April 1989 on the own funds of credit institutions and Second Council Directive 89/646/EEC of 15 December 1989 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions and amending Directive 77/780 do not preclude a national rule to the effect that the functions of the national authority responsible for supervising credit institutions are to be fulfilled only in the public interest, which under national law precludes individuals from claiming compensation for damage resulting from defective supervision on the part of that authority.
            
         
      (1)  OJ C 202 of 24.8.2002.