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Case T-27/19: Judgment of the General Court of 2 February 2022 — Pilatus Bank and Pilatus Holding v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Specific supervisory tasks conferred on the ECB — Decision to withdraw a credit institution’s authorisation — Indictment of the main shareholder in a third country — Criterion of good repute — Perception of good repute by the market — Presumption of innocence — Proportionality — Rights of the defence)
ECLI:EU:UNKNOWN:62019TA0027
62019TA0027
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21.3.2022
Official Journal of the European Union
C 128/16
(Case T-27/19) (<span class="oj-super oj-note-tag">1</span>)
(Economic and monetary policy - Prudential supervision of credit institutions - Specific supervisory tasks conferred on the ECB - Decision to withdraw a credit institution’s authorisation - Indictment of the main shareholder in a third country - Criterion of good repute - Perception of good repute by the market - Presumption of innocence - Proportionality - Rights of the defence)
(2022/C 128/22)
Language of the case: English
Parties
Applicants: Pilatus Bank plc (Ta’Xbiex, Malta), Pilatus Holding Ltd. (Ta’Xbiex) (represented by: O. Behrends, lawyer)
Defendant: European Central Bank (represented by: E. Yoo, M. Puidokas and A. Karpf, Agents)
Intervener in support of the defendant: European Commission (represented by: D. Triantafyllou, A. Nijenhuis and A. Steiblytė, Agents)
Re:
Application based on Article 263 TFEU seeking annulment of the decision of the ECB of 2 November 2018 withdrawing the authorisation of Pilatus Bank to take up the business of a credit institution.
Operative part of the judgment
The Court:
1.Dismisses the action;
2.Orders Pilatus Bank plc and Pilatus Holding Ltd. to bear their own costs and to pay those incurred by the European Central Bank (ECB);
3.Orders the European Commission to bear its own costs.
(<span class="oj-super">1</span>) OJ C 72, 25.2.2019.