Official Journal of the European Union

C series

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C/2025/2070

14.4.2025

(Case T-515/17)

(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/2025/2070)

Language of the case: Spanish

Parties

Applicant: Sánchez Valverde e Hijos, SA (Montcada Reixac, Spain) (represented by: E. Silva Pacheco, 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 its action, the applicant seeks, first, under 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, secondly, the reimbursement of the loss of value of all of its shares and bonds arising from the adoption of that decision and compensation for the non-material damage resulting from that loss.

Operative part of the order

The action is dismissed as manifestly inadmissible.

There is no need to adjudicate on the applications for leave to intervene by the Kingdom of Spain, the European Commission, Banco Santander, SA and Banco Popular Español, SA.

Sánchez Valverde e Hijos SA shall bear their own costs and pay those incurred by the Single Resolution Board (SRB).

The Kingdom of Spain and the Commission shall each 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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OJ C 374, 6.11.2017.

ELI: http://data.europa.eu/eli/C/2025/2070/oj

ISSN 1977-091X (electronic edition)

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