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European Union
Dr. K. Chrysostomides & Co. LLC and Others v Council of the European Union and Others (T-680/13)
III.Law
D.Substance
1.The existence of a possible infringe…
(b)The second series of harmful measures
(1)The reduction of the nominal value…
331

Dr. K. Chrysostomides & Co. LLC and Others v Council of the European Union and Others (T-680/13)

Judgment of 13 Jul 2018law://eu/cjeu/2013/t-680-13/para_331@2026-11-10

331Consequently, it cannot be considered that the reduction of the nominal value of the shares of BoC constitutes disproportionate and intolerable interference, impairing the very substance of the applicants’ right to property.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Court: General Court · Fourth Chamber, sitting with five Judges
Case: T-680/13 · ECLI:EU:T:2018:486
Decided: 13 Jul 2018
Procedure: Action for damages
Applicant: Dr. K. Chrysostomides & Co. LLC
Defendants: Council of the European Union; European Commission and 3 more
European Central Bank (ECB); Euro Group; European Union
Rapporteur: H. Kanninen
Bench: 5 judges
H. Kanninen, J. Schwarcz, C. Iliopoulos, L. Calvo-Sotelo Ibáñez-Martín, I. Reine
Language: English
Official: CURIA · EUR-Lex 62013TJ0680

Topics

Law governing the institutions

History · 1 version

13 Jul 2018Reading

Connections

Interpreted by the courts in 1: Council of the European Union v Dr. K. Chrysostomides & Co. and Others (C-597/18 P, C-598/18 P, C-603/18 P, C-604/18 P)
Cited by 14: Novis Insurance Company, Novis Versicherungsgesellschaft, Novis Compagnia di Assicurazioni, Novis Poisťovňa a.s. v European Commission (T-185/24); Aeris Invest Sàrl v European Commission and Single Resolution Board (SRB) (C-535/22 P)2 provisions; Malacalza Investimenti Srl and Vittorio Malacalza v European Central Bank (T-134/21); QI and Others v European Commission and European Central Bank (C-262/22); RQ v Council of the European Union and European Commission (C-7/22); Antonio Del Valle Ruíz and Others v European Commission and Single Resolution Board (T-510/17)3 provisions; Fundación Tatiana Pérez de Guzmán el Bueno and Stiftung für Forschung und Lehre (SFL) v Single Resolution Board (T-481/17)3 provisions; Eleveté Invest Group, SL and Others v European Commission and Single Resolution Board (T-523/17)2 provisions; Aeris Invest Sàrl v European Commission and Single Resolution Board (T-628/17)2 provisions; Algebris (UK) Ltd and Anchorage Capital Group LLC v European Commission (T-570/17)4 provisions; QI and Others v European Commission and European Central Bank (T-868/16); Nikolaos Anastassopoulos and Others v Council of the European Union and European Commission (T-147/17); Paula Correia v European Economic and Social Committee (T-843/19); Council of the European Union v Dr. K. Chrysostomides & Co. and Others (C-597/18 P, C-598/18 P, C-603/18 P, C-604/18 P)2 provisions
Cites 9: Treaty on the Functioning of the European Union (consolidated 2016)12 provisions; Charter of Fundamental Rights of the European Union (consolidated 2016)4 provisions; Treaty on European Union (consolidated 2016)3 provisions; Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance); Bernard Connolly v European Commission (C-274/99); Peter Gauweiler and Others v Deutscher Bundestag (C-62/14); Yassin Abdullah Kadi and Al Barakaat International Foundation v Council of the European Union and Commission of the European Communities (C-402/05); Tadej Kotnik and Others v Državni zbor Republike Slovenije (C-526/14); Parti écologiste "Les Verts" v European Parliament (C-294/83)