Order of the President of the of the General Court of 3 May 2018 –
VQ v ECB

(Case T‑203/18 R)

(Application for interim measures — Economic and monetary policy — Prudential supervision of credit institutions — Tasks conferred on the ECB by Regulation (EU) No 1024/2013 — Powers of the ECB — Specific supervision powers — Administrative penalties — Publication — Application for suspension of operation — No urgency)

1.      Application for interim measures — Suspension of operation of a measure — Interim measures — Conditions for granting — Prima facie case — Urgency — Serious and irreparable damage — Cumulative nature — Order of examination and method of verification — Discretion of the court hearing the application for interim relief — Balancing of all the interests involved

(Arts 256(1) TFEU, 278 TFEU and 279 TFEU; Rules of Procedure of the General Court, Art. 156(4))

(see paras 7-10)

2.      Application for interim measures — Suspension of operation of a measure — Interim measures — Conditions for granting — Urgency — Serious and irreparable damage — Burden of proof — Financial loss — Obligation to provide concrete and precise indications, supported by detailed documentary evidence — Situation liable to endanger the existence of the applicant company — Assessment having regard to the situation of the group to which the applicant company belongs — Lack of any urgency

(Arts 278 TFEU and 279 TFEU; Rules of Procedure of the General Court, Art. 156(4))

(see paras 13-17, 19, 24, 30, 31)

3.      Application for interim measures — Admissibility criteria — Application — Formal requirements — Pleas establishing a prima facie case for the measures applied for

(Arts 278 TFEU and 279 TFEU; Rules of Procedure of the General Court, Art. 156(4) and (5))

(see paras 18, 20)

Re:

Application based on Articles 278 TFEU and 279 TFEU seeking a suspension of operation of Decision ECB-SSM-2018-ESSAB-4, SNC 2016-0026 of the Governing Council of the ECB of 14 March 2018 relating to a pecuniary penalty and the publication thereof on the ECB’s website.

Operative part

1. The application for interim measures is rejected.

2. The costs are reserved.

2. The costs are reserved.