Order of the General Court of 10 December 2013 – von Storch and Others v ECB
(Case T-492/12) 1
(Actions for annulment – Decisions adopted by the ECB – Technical characteristics relating to Eurosystem Outright Monetary Transactions – Measures seeking to maintain the availability of collateral – Temporary measures relating to Eurosystem refinancing operations and eligibility of collateral – Not directly affected – Inadmissibility)
Language of the case: German
Parties
Applicants: Sven A. von Storch and Others (Berlin, Germany) and the 5216 other applicants whose names are set out in the annex to the order (represented by: M. Kerber and B. von Storch, lawyers)
Defendant: European Central Bank (ECB) (represented by: C. Kroppenstedt and G. Gruber, Agents, assisted by H.-G. Kamann, lawyer)
Re:
Application for annulment, primarily, of the ECB’s decision of 6 September 2012 concerning a certain number of technical characteristics relating to Eurosystem Outright Monetary Transactions on the secondary sovereign debt markets, secondly, of the decision of the ECB of 6 September 2012 adopting additional measures intended to maintain the availability of collateral for counterparties in order to maintain their access to Eurosystem transactions to provide liquidity and, in the alternative, of Guideline 2012/641/EU of the ECB of 10 October 2012 amending Guideline ECB/2012/18 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (ECB/2012/23) (OJ L 284, p. 14).
Operative part of the order
1. The action is dismissed as inadmissible;
2. Mr Sven von Storch and the 5216 other applicants whose names are set out in the annex to the present order shall bear their own costs and are ordered to pay those incurred by the European Central Bank (ECB).
________________________1 OJ C 32, 2.2.2013.