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CJEU Case C-69/19 P / Judgment

Credito Fondiario SpA v Single Resolution Board

Policy area:
Economic and monetary affairs
Deciding Body type:
Court of Justice of the European Union
Deciding Body:
Court (Eight Chamber)
Type:
Decision
Decision date:
05/03/2020

Key facts of the case:

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) — Single Resolution Fund (SRF) — Determination of the 2016 ex ante contribution — Action for annulment — Period within which proceedings must be commenced — Plea of illegality — Manifest inadmissibility.

Outcome of the case:

On those grounds, the Court (Eighth Chamber) hereby:

  1. Dismisses the appeal.
  2. Orders Credito Fondiario SpA to bear its own costs and to pay those incurred by the Single Resolution Board.
  3. Orders the Italian Republic and the European Commission to bear their own costs.