CASE COMMENTS: STATE AID – EUROPEAN UNION – ADMISSIBILITY OF AN ACTION – AID FOR THE RESOLUTION OF A BANK – LACK OF STANDING

Admissibility: The General Court of the European Union once again dismisses as inadmissible an action for annulment brought against the European Commission decision, qualifying the rescue measures of a Portuguese bank as State aid compatible with the internal market, due to the lack of standing to act of the applicants (BPC Lux 2)

Afin de procéder au sauvetage de Banco Espírito Santo (BES), les autorités portugaises ont décidé de la soumettre à une procédure de résolution. Celle-ci impliquait le transfert des avoirs sains de BES à une “banque relais” et des autres actifs et passifs résiduels à une “structure de défaisance”. Les avoirs des actionnaires de BES et des détenteurs de titres de créance subordonnés devaient rester dans la structure de défaisance, de sorte ces actionnaires et ses détenteurs étaient amenés, à terme, à

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  • European Court of Justice (Luxembourg)

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Raphaël Vuitton, Admissibility: The General Court of the European Union once again dismisses as inadmissible an action for annulment brought against the European Commission decision, qualifying the rescue measures of a Portuguese bank as State aid compatible with the internal market, due to the lack of standing to act of the applicants (BPC Lux 2), 19 December 2019, Concurrences N° 1-2020, Art. N° 93357, pp. 137-138

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