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Case T-797/19: Judgment of the General Court of 22 June 2022 — Anglo Austrian AAB and Belegging-Maatschappij ‘Far-East’ 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 — Serious breach of the national provisions transposing Directive 2005/60/EC — Proportionality — Infringement of the national legislation on the governance of credit institutions — Rights of the defence — Manifest error of assessment — Right to effective judicial protection)
ECLI:EU:UNKNOWN:62019TA0797
62019TA0797
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16.8.2022
Official Journal of the European Union
C 311/8
(Case T-797/19) (*)
(Economic and monetary policy - Prudential supervision of credit institutions - Specific supervisory tasks assigned to the ECB - Decision to withdraw a credit institution’s authorisation - Serious breach of the national provisions transposing Directive 2005/60/EC - Proportionality - Infringement of the national legislation on the governance of credit institutions - Rights of the defence - Manifest error of assessment - Right to effective judicial protection)
(2022/C 311/11)
Language of the case: German
Parties
Applicants: Anglo Austrian AAB AG, formerly Anglo Austrian AAB Bank AG (Vienna, Austria), Belegging-Maatschappij ‘Far-East’ BV (Velp, Netherlands) (represented by: M. Ketzer and O. Behrends, lawyers)
Defendant: European Central Bank (represented by: C. Hernández Saseta, E. Yoo and V. Hümpfner, acting as Agents)
Re:
By their action under Article 263 TFEU, the applicants seek annulment of Decision ECB-SSM-2019-AT 8 WHD-2019 0009 of the European Central Bank (ECB) of 14 November 2019, by which the ECB withdrew AAB Bank’s authorisation to access the activities of a credit institution.
Operative part of the judgment
The Court:
1.Dismisses the action;
2.Orders Anglo Austrian AAB AG and Belegging-Maatschappij ‘Far-East’ BV to bear their own costs and to pay those incurred by the European Central Bank (ECB), including those of the application for interim measures.
(*)
Language of the case: German
ECLI:EU:C:2022:140
* * *
Language of the case: German