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Case T-555/17: Order of the General Court of 22 January 2025 – TW and Others v SRB (Action for annulment and for damages – Economic and monetary policy – Single resolution mechanism for credit institutions and certain investment firms – Resolution scheme in respect of Banco Popular Español – Act not open to challenge – Manifest inadmissibility)
ECLI:EU:UNKNOWN:62017TB0555
62017TB0555
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Official Journal of the European Union
C series
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C/2025/2207
(Case T-555/17)
(Action for annulment and for damages - Economic and monetary policy - Single resolution mechanism for credit institutions and certain investment firms - Resolution scheme in respect of Banco Popular Español - Act not open to challenge - Manifest inadmissibility)
(C/2025/2207)
Language of the case: Spanish
Parties
Applicants: TW, TY, UA (represented by: L. Chen Chen, lawyer)
Defendant: Single Resolution Board (represented by: H. Ehlers, M. Fernández Rupérez, A. Lapresta Bienz and J. Rius Riu, acting as Agents, and by B. Meyring, F. Fernández de Trocóniz Robles, T. Klupsch and S. Ianc, lawyers)
Re:
By their action, the applicants seek, principally, on the basis of Article 263 TFEU, the annulment of Decision SRB/EES/2017/08 of the Executive Session of the Single Resolution Board (SRB) of 7 June 2017 concerning the adoption of a resolution scheme in respect of Banco Popular Español SA and, subsidiarily, compensation for the loss of their shares.
Operative part of the order
The action is dismissed as manifestly inadmissible.
There is no need to adjudicate on the applications to intervene of the Kingdom of Spain, the European Commission, Banco Santander, SA and Banco Popular Español, SA.
TW, TY, UA shall bear their own costs and pay those incurred by the Single Resolution Board (SRB).
The Kingdom of Spain, the Parliament, the Council and the Commission shall bear their own costs relating to the applications to intervene.
Banco Santander shall bear its own costs and pay those incurred by Banco Popular Español relating to the applications to intervene.
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(1)
OJ C 424, 11.12.2017.
ELI: http://data.europa.eu/eli/C/2025/2207/oj
ISSN 1977-091X (electronic edition)
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