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Case T-527/22: Action brought on 22 August 2022 — Sberbank of Russia v SRB
ECLI:EU:UNKNOWN:62022TN0527
62022TN0527
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21.11.2022
EN
Official Journal of the European Union
C 441/22
(Case T-527/22)
(2022/C 441/29)
Language of the case: English
Parties
Applicant: Sberbank of Russia OAO (Moscow, Russia) (represented by: D. Rovetta, M. Campa, M. Pirovano, M. Moretto and V. Villante, lawyers)
Defendant: Single Resolution Board (SRB)
Form of order sought
The applicant claims that the Court should:
—annul the decision (SRB/EES/2022/19) on assessment of the conditions for resolution in respect of Sberbank Europe AG issued by the Single Resolution Board on 1 March 2022, together with the Valuation Report 1, issued by the Single Resolution Board on 27 February 2022;
—order the Single Resolution Board to bear the costs of the proceedings.
Pleas in law and main arguments
In support of the action, the applicant relies on three pleas in law.
1.First plea in law, alleging the infringement of essential procedural requirements.
2.Second plea in law, alleging infringement of the obligation to state reasons, of Article 296 TFEU and of Article 41(2)(c) of the Charter of Fundamental Rights, and breach of the right to effective judicial protection and of Article 47 of the Charter of Fundamental Rights of the European Union.
3.Third plea in law, alleging manifest error of assessment in the overall evaluation of the conditions related to the resolution scheme and breach of Articles 6, 14 and 18 of Regulation (EU) No 806/2014, (1) as well as infringement of the fundamental right to property and of the freedom to conduct a business.
* Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (OJ 2014 L 225, p. 1).