CELEX: 62013TA0079
Language: en
Date: 2015-10-07 00:00:00
Title: Case T-79/13: Judgment of the General Court of 7 October 2015 — Accorinti and Others v ECB (Non-contractual liability — Economic and monetary policy — ECB — National central banks — Restructuring of Greek public debt — Programme for purchasing securities — Securities exchange agreement for the sole benefit of central banks in the Eurosystem — Private sector involvement — Collective action clauses — Credit enhancement in the form of a buyback programme intended to support the quality of the securities as collateral — Private creditors — Sufficiently serious breach of a rule of law conferring rights on individuals — Legitimate expectations — Equal treatment — Liability for a lawful legislative measure — Unusual and special damage)

30.11.2015   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 398/33
            
         Judgment of the General Court of 7 October 2015 — Accorinti and Others v ECB
   (Case T-79/13) (1)
   
   ((Non-contractual liability - Economic and monetary policy - ECB - National central banks - Restructuring of Greek public debt - Programme for purchasing securities - Securities exchange agreement for the sole benefit of central banks in the Eurosystem - Private sector involvement - Collective action clauses - Credit enhancement in the form of a buyback programme intended to support the quality of the securities as collateral - Private creditors - Sufficiently serious breach of a rule of law conferring rights on individuals - Legitimate expectations - Equal treatment - Liability for a lawful legislative measure - Unusual and special damage))
   (2015/C 398/42)
   Language of the case: Italian
   
      Parties
   
   
      Applicant: Alessandro Accorinti (Nichelino, Italy) and 214 other applicants whose names are listed in the Annex to the judgment (represented by: S. Sutti, R. Spelta and G. Sanna, lawyers)
   
      Defendant: European Central Bank (ECB) (represented by: initially S. Bening and P. Papapaschalis, then P. Senkovic and P. Papapaschalis, and finally P. Senkovic, acting as Agents, and by E. Castellani, B. Kaiser and T. Lübbig, lawyers)
   
      Re:
   
   Action for damages for the harm suffered by the applicants as a result of, in particular, the adoption by the ECB of Decision 2012/153/EU of 5 March 2012 on the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic in the context of the Hellenic Republic’s debt exchange offer (OJ 2012 L 77, p. 19) and of other decisions of the European Central Bank taken in the context of the restructuring of Greek debt.
   
      Operative part of the judgment
   
   The Court:
   
               1)
            
            
               Dismisses the action;
            
         
               2)
            
            
               Orders Mr Alessandro Accorinti and the other applicants whose names are listed in the Annex to pay the costs.
            
         
      (1)  OJ C 101, 6.4.2013.