EN

Official Journal of the European Union

C 103/46

(Case T-741/18)

(2019/C 103/61)

Language of the case: English

Parties

Applicant: ZZ (represented by: M. Demetriou, QC, D. Piccinin, Barrister, E. Poulton, L. Carlisle, and R. Molesworth, Solicitors)

Defendant: European Central Bank (ECB)

Form of order sought

The applicant claims that the Court should:

—annul the ECB’s decision of 10 October 2018 regarding the proposed acquisition by the applicant of a qualifying holding in Bank A (ECB-SSM-2018-LV-2);

—order the defendant to pay the costs.

Pleas in law and main arguments

In support of the action, the applicant relies on two pleas in law.

1.First plea in law, alleging failure to show that the applicant lacked transparency in his dealings with the competent authorities.

—The applicant contends that the evidence relied on by the ECB in the contested decision does not establish and provides no proper basis for the ECB’s finding that the applicant was not transparent such that his integrity could be called into question.

2.Second plea in law, alleging an error of law in finding that the applicant’s innocent dealings with a third party cast doubt on the applicant’s integrity.

—The applicant contends that the ECB erred in law in finding that the applicant’s dealings with a third party cast doubt on his integrity in circumstances where the ECB accepts that the applicant had no knowledge of any wrongdoing on the part of that third party at the time and in circumstances where the applicant was an innocent victim of that wrongdoing.