Order of the General Court (Fifth Chamber) of 26 March 2014 — Adorisio and Others v Commission

(Case T‑321/13)

Action for annulment — State aid — Aid granted to banks during the crisis — Recapitalisation of SNS Reaal and SNS Bank — Decision declaring the aid compatible with the internal market — Expropriation of holders of subordinated bonds — No legal interest in bringing proceedings — No standing to bring proceedings — Manifestly inadmissible

1.                     Actions for annulment — Interest in bringing proceedings — Need for an actual and current interest — Commission decision declaring State aid, consisting in a recapitalisation of banks, compatible with the internal market — Action brought by holders of subordinated bonds expropriated on the nationalisation of banks — No legal effect of the annulment of the decision on the expropriation of the applicants’ rights — Failure to establish an advantage procured by the annulment of the decision — No interest in bringing proceedings — Inadmissibility (Arts 107 TFEU and 263, fourth para., TFEU; Council Regulation No 659/1999, Art. 14) (see paras 20-30, 35)

2.                     Actions for annulment — Natural or legal persons — Measures of direct and individual concern to them — Decision on State aid — Competitor of the undertaking receiving the aid — Right to bring an action — Conditions — No competitive link established by the applicant undertaking — No capacity to bring proceedings — Inadmissibility (Art. 263, fourth para., TFEU) (see paras 38-49)

Re:

APPLICATION for annulment of Commission Decision C(2013) 1053 final of 22 February 2013 relating to State aid SA.35382 (2013/N) — Kingdom of the Netherlands — Rescue SNS Reaal 2013.

Operative part

1. The action is dismissed as manifestly inadmissible.

2. Ms Stefania Adorisio and the 363 other applicants listed in the annex hereto are ordered to pay the costs.