CELEX: 62017TN0640
Language: en
Date: 2017-09-20 00:00:00
Title: Case T-640/17: Action brought on 20 September 2017 — Escriba Serra and Others v Commission and SRB

11.12.2017   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 424/40
            
         Action brought on 20 September 2017 — Escriba Serra and Others v Commission and SRB
   (Case T-640/17)
   (2017/C 424/59)
   Language of the case: Spanish
   
      Parties
   
   
      Applicants: Juan Escriba Serra (Girona, Spain) and seven other applicants (represented by: R. Vallina Hoset and C. Iglesias Megías, lawyers)
   
      Defendants: European Commission and Single Resolution Board
   
      Form of order sought
   
   The applicants claim that the General Court should:
   
               —
            
            
               principally, and for reasons of procedural economy:
               
                           —
                        
                        
                           Annul (revoke) in part Decision SRB/EES/2017/08 of the Single Resolution Board of 7 June 2017, concerning the adoption of a resolution scheme in respect of Banco Popular Español, S.A., in so far as it orders the conversion and write down of Banco Popular subordinated bonds;
                        
                     
                           —
                        
                        
                           Annul in part Commission Decision (EU) 2017/1246 of 7 June 2017 endorsing the resolution scheme of Banco Popular Español, S.A., in so far as it orders the conversion of Banco Popular subordinated bonds;
                        
                     
         
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               In the alternative,
               
                           —
                        
                        
                           Annul in full Decision SRB/EES/2017/08 of the Single Resolution Board of 7 June 2017, concerning the adoption of a resolution scheme in respect of Banco Popular Español, S.A.;
                        
                     
                           —
                        
                        
                           Annul in full Commission Decision (EU) 2017/1246 of 7 June 2017 endorsing the resolution scheme of Banco Popular Español, S.A.
                        
                     
         
               —
            
            
               Where appropriate, declare Articles 15, 18, 20, 21, 22 and/or 24 of Regulation No 806/2014 inapplicable, in accordance with Article 277 TFEU; and
            
         
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               Order the Board and the Commission to pay the costs.
            
         
      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.