CELEX: 62018TA0351
Language: en
Date: 2021-10-06 00:00:00
Title: Joined Cases T-351/18 and T-584/18: Judgment of the General Court of 6 October 2021 — Ukrselhosprom PCF and Versobank v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Specific supervisory tasks assigned to the ECB — Decision to withdraw a credit institution’s authorisation — Breach of legislation on combating money laundering and the financing of terrorism — Admissibility — Powers of the national competent authorities (NCAs) of participating Member States and of the ECB under the Single Supervisory Mechanism (SSM) — Equal treatment — Proportionality — Protection of legitimate expectations — Legal certainty — Misuse of powers — Rights of the defence — Obligation to state reasons)

6.12.2021   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 490/28
            
         
      Judgment of the General Court of 6 October 2021 — Ukrselhosprom PCF and Versobank v ECB
      (Joined Cases T-351/18 and T-584/18) (1)
      
      (Economic and monetary policy - Prudential supervision of credit institutions - Specific supervisory tasks assigned to the ECB - Decision to withdraw a credit institution’s authorisation - Breach of legislation on combating money laundering and the financing of terrorism - Admissibility - Powers of the national competent authorities (NCAs) of participating Member States and of the ECB under the Single Supervisory Mechanism (SSM) - Equal treatment - Proportionality - Protection of legitimate expectations - Legal certainty - Misuse of powers - Rights of the defence - Obligation to state reasons)
      (2021/C 490/29)
      Language of the case: English
      
         Parties
      
      
         Applicants: Ukrselhosprom PCF LLC (Solone, Ukraine), Versobank AS (Tallinn, Estonia) (represented by: O. Behrends, lawyer)
      
         Defendant: European Central Bank (represented by: C. Hernández Saseta and G. Marafioti, acting as Agents, and by B. Schneider, lawyer)
      
         Intervener in support of the defendant: European Commission (represented by: A. Steiblytė, D. Triantafyllou and A. Nijenhuis, acting as Agents)
      
         Re:
      
      Application under Article 263 TFEU seeking annulment, first, of decision ECB_SSM_2018_EE_1 WHD_2017 0012 of the ECB of 26 March 2018, secondly, of decision ECB_SSM_2018_EE_2 WHD_2017 0012 of 17 July 2018, replacing decision ECB_SSM_2018_EE_1 WHD_2017 0012, by which the ECB withdrew Versobank’s authorisation to operate as a credit institution, and, thirdly, of decision ECB/SSM/2018 EE 3 of 14 August 2018 on the costs relating to the review procedure.
      
         Operative part of the judgment
      
      The Court:
      
                  1.
               
               
                  Orders that Cases T-351/18 and T-584/18 be joined for the purposes of the judgment;
               
            
                  2.
               
               
                  Declares that there is no longer any need to adjudicate on the action in Case T-351/18;
               
            
                  3.
               
               
                  Dismisses the action in Case T-584/18;
               
            
                  4.
               
               
                  Orders Ukrselhosprom PCF LLC, Versobank AS, the European Central Bank (ECB) and the European Commission each to bear their own costs in Case T-351/18;
               
            
                  5.
               
               
                  Orders Ukrselhosprom PCF and Versobank, in Case T-584/18, to bear their own costs and to pay those of the ECB;
               
            
                  6.
               
               
                  Orders the Commission to bear its own costs in Case T-584/18.
               
            
         (1)  OJ C 294, 20.8.2018.