Notices for publication in the OJ nº T-230/20 of Tribunal General de la Unión Europea, Friday June 05, 2020

• Resolution Date: Friday June 05, 2020
• Issuing Organization: Tribunal General de la Unión Europea
• Decision Number: T-230/20

Action brought on 27 April 2020 - PNB Banka v ECB

(Case T-230/20)

Language of the case: English

Parties

Applicant: PNB Banka AS (Riga, Latvia) (represented by: O. Behrends, lawyer)

Defendant: European Central Bank

Form of order sought

The applicant claims that the Court should:

annul the ECB’s decision dated 17 February 2020 regarding the withdrawal of the banking licence of AS PNB Banka;

order the defendant to pay the costs.

Pleas in law and main arguments

In support of the action, the applicant relies on thirteen pleas in law.

First plea in law, alleging that the text of the contested decision contains insufficient and misleading procedural information.

Second plea in law, alleging that the ECB illegitimately used the two-stage procedure for the contested decision (involving a proposal of the national competent authority), pursuant to Article 14(5), second subparagraph, of Council Regulation (EU) No 1024/2013 ¹ and Article 83 of Regulation (EU) No 468/2014, ² despite the ECB’s reclassification decision of 1 March 2019 by which the ECB took...