Judgment of the General Court of 17 April 2024 – Svenska Bankföreningen and Länsförsäkringar Bank v Commission
(Case T-112/22) 1
(State aid – Swedish tax law – Tax on the systemic risk of credit institutions – Decision not to raise any objections – Selective nature – Objective of the measure – Derogation from the reference system)
Language of the case: English
Parties
Applicants: Ideella föreningen Svenska Bankföreningen med firma Svenska Bankföreningen, Näringsverksamhet (Stockholm, Sweden), Länsförsäkringar Bank AB (Stockholm) (represented by: P. Hansson, M. Eriksson, M. Persson and A. Andersson, lawyers)
Defendant: European Commission (represented by: F. Tomat and A. Steiblytė, acting as Agents)
Intervener in support of the defendant: Kingdom of Sweden (represented by: C. Meyer-Seitz, A. Runeskjöld, F. L. Göransson, H. Shev, H. Eklinder and R. Shahsavan Eriksson, acting as Agents)
Re:
By their action under Article 263 TFEU, the applicants seek the annulment of European Commission Decision COM(2021) 8637 final of 24 November 2021 on State aid SA.56348 (2021/N) – Sweden: Swedish tax on credit institutions.
Operative part of the judgment
The Court:
Dismisses the action;
Orders Ideella föreningen Svenska Bankföreningen med firma Svenska Bankföreningen, Näringsverksamhet and Länsförsäkringar Bank AB to pay, in addition to their own costs, those incurred by the European Commission;
Orders the Kingdom of Sweden to bear its own costs.
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1 OJ C 191, 10.5.2022.