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Case T-450/22: Judgment of the General Court of 18 June 2025 – MeSoFa v SRB (Economic and monetary union – Banking Union – Single Resolution Mechanism for credit institutions and certain investment firms (SRM) – Resolution procedure applicable where an entity is failing or is likely to fail – Decision of the SRB not to adopt a resolution scheme – Action for annulment – Interest in bringing proceedings – Admissibility – Article 18 of Regulation (EU) No 806/2014 – Competence of the author of the act – Right to be heard – Obligation to state reasons)
ECLI:EU:UNKNOWN:62022TA0450
62022TA0450
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Official Journal of the European Union
C series
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C/2025/4149
(Case T-450/22)
(Economic and monetary union - Banking Union - Single Resolution Mechanism for credit institutions and certain investment firms (SRM) - Resolution procedure applicable where an entity is failing or is likely to fail - Decision of the SRB not to adopt a resolution scheme - Action for annulment - Interest in bringing proceedings - Admissibility - Article 18 of Regulation (EU) No 806/2014 - Competence of the author of the act - Right to be heard - Obligation to state reasons)
(C/2025/4149)
Language of the case: English
Parties
Applicant: MeSoFa Vermögensverwaltungs AG, formerly Sber Vermögensverwaltungs AG, initially Sberbank Europe AG (Vienna, Austria) (represented by: M. Fellner and P. Blaschke, lawyers)
Defendant: Single Resolution Board (represented by: H. Ehlers, L. Forestier and J. Rius Riu, acting as Agents, and by B. Meyring and S. Ianc, lawyers)
Intervener in support of the defendant: European Central Bank (represented by: A. Lefterov, G. Marafioti and E. Yoo, acting as Agents)
Re:
By its action under Article 263 TFEU, the applicant seeks the annulment of Decision SRB/EES/2022/19 of the Single Resolution Board (SRB) of 1 March 2022 concerning the assessment of the conditions for resolution in respect of Sberbank Europe AG.
Operative part of the judgment
The Court:
Dismisses the action;
Orders MeSoFa Vermögensverwaltungs AG, formerly Sber Vermögensverwaltungs AG, initially Sberbank Europe AG to bear its own costs and pay those incurred by the Single Resolution Board (SRB);
Orders the European Central Bank (ECB) to bear its own costs.
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(1) OJ C 389, 10.10.2022.
ELI: http://data.europa.eu/eli/C/2025/4149/oj
ISSN 1977-091X (electronic edition)
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