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European Union
Algebris (UK) Ltd and Anchorage Capital Group LLC v European Commission (T-570/17)
Law
Fifth plea in law, alleging infringeme…
421

Algebris (UK) Ltd and Anchorage Capital Group LLC v European Commission (T-570/17)

Judgment of 1 Jun 2022law://eu/cjeu/2017/t-570-17/para_421@2026-11-12

421It follows that, if the resolution scheme had not been adopted, the alternative was the liquidation of Banco Popular under normal insolvency proceedings, which the applicants acknowledged at the hearing.

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

Key facts

Court: General Court · Third Chamber, sitting with five Judges
Case: T-570/17 · ECLI:EU:T:2022:314
Decided: 1 Jun 2022
Procedure: Action for annulment
Applicants: Algebris (UK) Ltd; Anchorage Capital Group LLC
Defendant: European Commission
Rapporteur: G. De Baere
Bench: 5 judges
M. van der Woude, M. Jaeger, V. Kreuschitz, G. De Baere, G. Steinfatt
Language: English
Official: CURIA · EUR-Lex 62017TJ0570

Topics

Economic and monetary policy

History · 1 version

1 Jun 2022Reading

Connections

Cited by 10: MeSoFa Vermögensverwaltungs AG, anciennement Sber Vermögensverwaltungs AG v Single Resolution Board (T-291/23); Andrey Melnichenko v Council of the European Union (T-271/22); TransnetBW GmbH v European Union Agency for the Cooperation of Energy Regulators (T-476/21); TenneT TSO GmbH and TenneT TSO BV v European Union Agency for the Cooperation of Energy Regulators (T-482/21); José María Galván Fernández-Guillén v Single Resolution Board (T-340/20); Antonio Del Valle Ruíz and Others v Single Resolution Board (T-302/20)2 provisions; Laura Molina Fernández v Single Resolution Board (T-304/20)2 provisions; ACMO Sàrl and Others v Single Resolution Board (T-330/20); Zippo Manufacturing Co. and Others v European Commission (T-402/20); Algebris (UK) Ltd and Anchorage Capital Group LLC v Single Resolution Board (C-934/19 P)
Cites 22: Treaty on the Functioning of the European Union (consolidated 2016)2 provisions; Charter of Fundamental Rights of the European Union (consolidated 2016)3 provisions; Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012; Directive 2013/36/EU; Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions; Directive 2014/59/EU; OC e.a. and Others v Banca d'Italia and Others (C-686/18); Yassin Abdullah Kadi and Al Barakaat International Foundation v Council of the European Union and Commission of the European Communities (C-402/05); Gerard Dowling and Others v Minister for Finance (C-41/15); Tadej Kotnik and Others v Državni zbor Republike Slovenije (C-526/14); 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); Ledra Advertising Ltd and Others v European Commission and European Central Bank (ECB) (C-8/15 P, C-9/15 P, C-10/15 P); KPN BV v European Commission (T-370/17); M. M. v Minister for Justice, Equality and Law Reform and Others (C-277/11); Meroni & Co., Industrie Metallurgiche, SpA v High Authority of the European Coal and Steel Community (9/56); MasterCard Inc. and Others v European Commission (C-382/12 P); Stephan Fleig v European External Action Service (C-446/19); BT v Balgarska Narodna Banka (C-501/18); European Commission v Italian Republic (C-621/16 P); French Republic v People's Mojahedin Organization of Iran (C-27/09 P); Gabriel Amisi Kumba v Council of the European Union (T-163/18); Mamoli Robinetteria SpA v European Commission (C-619/13 P)