Action brought on 7 August 2017 — SFP Asset Management and Others v SRB

(Case T-502/17)

Language of the case: Spanish

Parties

Applicants: SFP Asset management and Others (Geneva, Switzerland), Twenty First Trade Inc. (Panama, Panama), Merlos Infor, S.L. (Badalona, Spain) (represented by: J. Gálvez Pascual, lawyer)

Defendant: Single Resolution Board

Form of order sought

The applicant claims that the General Court should:

declare that, by adopting in its executive session of 7 June 2017 Decision SRB/EES/2017/08 establishing the resolution scheme in respect of the financial institution Banco Popular Español S.A., the Single Resolution Board (‘the SRB’) infringed EU law;

consequently, annul that measure, and any subsequent implementing measures too that the SRB may have adopted, with effect ex tunc.

Pleas in law and main arguments

The pleas in law and main arguments are similar to those put forward in Cases T-478/17, Mutualidad de la Abogacía and Hermandad Nacional de Arquitectos Superiores y Químicos v Single Resolution Board, T-481/17, Fundación Tatiana Pérez de Guzmán el Bueno and SFL v Single Resolution Board, T-482/17, Comercial Vascongada Recalde v Commission and Single Resolution Board, T-483/17, García Suárez and Others v Commission and Single Resolution Board, T-484/17, Fidesban and Others v Single Resolution Board, T-497/17, Sáchez del Valle and Calatrava Real State 2015 v Commission and Single Resolution Board, and T-498/17, Pablo Álvarez de Linera Granda v Commission and Single Resolution Board.

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