Action brought on 8 July 2020 – Crédit agricole and Others v SRB

(Case T-445/20)

Language of the case: French

Parties

Applicants: Crédit agricole SA (Montrouge, France) and the 48 other applicants (represented by: A. Gosset-Grainville, M. Trabucchi and M. Dalon, lawyers)

Defendant: Single Resolution Board

Form of order sought

The applicants claim that the Court should:

pursuant to Article 263 TFEU, annul decision SRB/ES/2020/24 on the calculation of the 2020 ex-ante contributions to the SRF in so far as it concerns the applicants;

pursuant to Article 277 TFEU, declare the following provisions of the SRM Regulation, the Implementing Regulation and the Delegated Regulation inapplicable:

Articles 69(1), 69(2), 70(1) and 70(2)(a) and (b) of the SRM Regulation;

Articles 4(2), 6 and 7 of the Delegated Regulation, and Annex I thereto;

Article 4 of the Implementing Regulation;

order the defendant to pay the costs.

Pleas in law and main arguments

In support of the action, the applicants rely on four pleas in law which are, in essence, identical or similar to those raised in Case T-444/20, Société générale and Others v SRB.

____________