CELEX: 62019TA0027
Language: en
Date: 2022-02-02 00:00:00
Title: Case T-27/19: Judgment of the General Court of 2 February 2022 — Pilatus Bank and Pilatus Holding v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Specific supervisory tasks conferred on the ECB — Decision to withdraw a credit institution’s authorisation — Indictment of the main shareholder in a third country — Criterion of good repute — Perception of good repute by the market — Presumption of innocence — Proportionality — Rights of the defence)

21.3.2022   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 128/16
            
         
      Judgment of the General Court of 2 February 2022 — Pilatus Bank and Pilatus Holding v ECB
      (Case T-27/19) (1)
      
      (Economic and monetary policy - Prudential supervision of credit institutions - Specific supervisory tasks conferred on the ECB - Decision to withdraw a credit institution’s authorisation - Indictment of the main shareholder in a third country - Criterion of good repute - Perception of good repute by the market - Presumption of innocence - Proportionality - Rights of the defence)
      (2022/C 128/22)
      Language of the case: English
      
         Parties
      
      
         Applicants: Pilatus Bank plc (Ta’Xbiex, Malta), Pilatus Holding Ltd. (Ta’Xbiex) (represented by: O. Behrends, lawyer)
      
         Defendant: European Central Bank (represented by: E. Yoo, M. Puidokas and A. Karpf, Agents)
      
         Intervener in support of the defendant: European Commission (represented by: D. Triantafyllou, A. Nijenhuis and A. Steiblytė, Agents)
      
         Re:
      
      Application based on Article 263 TFEU seeking annulment of the decision of the ECB of 2 November 2018 withdrawing the authorisation of Pilatus Bank to take up the business of a credit institution.
      
         Operative part of the judgment
      
      The Court:
      
                  1.
               
               
                  Dismisses the action;
               
            
                  2.
               
               
                  Orders Pilatus Bank plc and Pilatus Holding Ltd. to bear their own costs and to pay those incurred by the European Central Bank (ECB);
               
            
                  3.
               
               
                  Orders the European Commission to bear its own costs.
               
            
         (1)  OJ C 72, 25.2.2019.