Judgment of the Court (Third Chamber) of 21 December 2021

Algebris (UK) Ltd and Anchorage Capital Group LLC v Single Resolution Board

Appeal – Economic and monetary union – Banking union – Recovery and resolution of credit institutions and investment firms – Single resolution mechanism for credit institutions and certain investment firms (SRM) – Single Resolution Board (SRB) – Resolution procedure applicable where an entity is failing or is likely to fail – Adoption of a resolution scheme in respect of Banco Popular Español SA – Sale of business tool – Write-down and conversion of capital instruments – Regulation (EU) No 806/2014 – Article 20 – Concept of ‘definitive valuation’ – Consequences – Refusal or failure to proceed with an ex post definitive valuation – Remedies – Action for annulment

Case C-934/19 P

Reports of Cases

published in the electronic Reports of Cases (Court Reports - general)

• (Appeal Case before the General Court T-2/19)