14.5.2018

Official Journal of the European Union

C 166/43

(Case T-196/18)

(2018/C 166/55)

Language of the case: English

Parties

Applicants: Vital Capital Investments LP (Tortola, British Virgin Islands) and 6 others (represented by: A. Markides, M. Ioannides, C. Velaris and C. Velaris, lawyers, A. Robertson, QC, and G. Rothschild, Barrister)

Defendants: Council of the European Union, European Commission, European Central Bank, Eurogroup (represented by the Council of the European Union) and European Union (represented by the European Commission)

Form of order sought

The applicants claim that the Court should:

—order the defendants to pay the applicants the sums shown in the Schedule annexed to the application plus interest accruing from 26 March 2013 until the judgment of the Court, as compensation for damage suffered as a result of Eurogroup decisions concerning the resolution of Cyprus Popular Bank Public Co Ltd (‘Laiki Bank’), the bail-in of Bank of Cyprus Public Company Limited (‘Bank of Cyprus’) and the sale of assets and business of the said banks in Greece, and/or as a result of the provision of Emergency Liquidity Assistance to Laiki Bank with the consent of the European Central Bank and the subsequent transfer at the direction of the European Central Bank of the relevant liability to Bank of Cyprus;

or in the alternative:

—declare that the defendants have incurred non-contractual liability and determine the procedure to be followed in order to establish the actual recoverable loss suffered by the applicants;

and in any event:

—order that the defendants pay the applicants’ costs of the application.

Pleas in law and main arguments

In support of the action, the applicants rely on two pleas in law which are in essence identical or similar to those relied on in Case T-147/18, APG Intercon and Others v Council and Others.