CELEX: 62014TB0814
Language: en
Date: 2015-12-01 00:00:00
Title: Case T-814/14: Order of the General Court of 1 December 2015 — Banco Espírito Santo v Commission (Action for annulment — State aid — Aid to the Portuguese authorities for the resolution of the financial institution Banco Espírito Santo SA — Creation of a bridge bank — Decision not to raise objections — Commitments made by the Portuguese authorities — Monitoring of compliance with their commitments by a trustee — Payment of the trustee by the bad bank — Application for partial annulment — Inadmissible)

1.2.2016   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 38/56
            
         Order of the General Court of 1 December 2015 — Banco Espírito Santo v Commission
   (Case T-814/14) (1)
   
   ((Action for annulment - State aid - Aid to the Portuguese authorities for the resolution of the financial institution Banco Espírito Santo SA - Creation of a bridge bank - Decision not to raise objections - Commitments made by the Portuguese authorities - Monitoring of compliance with their commitments by a trustee - Payment of the trustee by the bad bank - Application for partial annulment - Inadmissible))
   (2016/C 038/75)
   Language of the case: Portuguese
   
      Parties
   
   
      Applicant: Banco Espírito Santo SA (Lisbon, Portugal) (represented by: M. Gorjão-Henriques and L.Bordalo e Sá, lawyers)
   
      Defendant: European Commission (represented by: L. Flynn, M. França and P.-J Loewenthal, Agents)
   
      Re:
   
   Application for annulment of Points 9 and 18 of Annex II to Commission Decision C (2014) 5682 final, of 3 August 2014, State aid No SA.39250 (2014/N) — Portugal, Resolution of Banco Espírito Santo, S.A., in so far as they impose, or may be interpreted as imposing, on the applicant the responsibility for ensuring the remuneration or payment of any other costs of the Monitoring Trustee with respect to the commitments made by the Portuguese Republic:
   
      Operative part of the order
   
   
               1.
            
            
               The action is dismissed as inadmissible.
            
         
               2.
            
            
               There is no need to give a ruling on the application for leave to intervene lodged by the Portuguese Republic.
            
         
               3.
            
            
               Banco Espirito Santo SA is ordered to bear its own costs and to pay those incurred by the European Commission.
            
         
               4.
            
            
               Banco Espirito Santo SA, the European Commission and the Portuguese Republic are each ordered to bear their own costs relating for the application for leave to intervene.
            
         
      (1)  OJ C 118, 13.4.2015.