CELEX: 62017TN0521
Language: en
Date: 2017-08-06 00:00:00
Title: Case T-521/17: Action brought on 6 August 2017 — Hernández Díaz v SRB

13.11.2017   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 382/46
            
         Action brought on 6 August 2017 — Hernández Díaz v SRB
   (Case T-521/17)
   (2017/C 382/57)
   Language of the case: Spanish
   
      Parties
   
   
      Applicant: Alberto Hernández Díaz (San Martin del Rey Aurelio, Spain) (represented by: L. Hernández Cabeza, lawyer)
   
      Defendant: Single Resolution Board
   
      Form of order sought
   
   The applicant claims that that the General Court should:
   
               —
            
            
               Annul the resolution decision concerning the Banco Popular, on grounds of serious and irreparable irregularities that result in the invalidity of that decision, in that (i) it is based on a Deloitte report which was not independent, (ii) shareholders are subjected to much more significant losses than they would be had an arrangement with creditors been entered into and (iii) the bail-in tool was not applied.
            
         
               —
            
            
               Annul the sale of Banco Popular to the bank acquiring it for the price of EUR 1 on the ground of lack of transparency of the sale process which implies a serious violation of the principle of transparency as well as the principle of competition.
            
         
               —
            
            
               Order SRB to pay compensation to the shareholders for the compulsory transfer of their shares, the value of which cannot at present be assessed given the lack of transparency of the resolution process.
            
         
      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.