In a ruling handed down on Wednesday 29 May (Case T-395/22), the General Court of the European Union ruled that the calculation of the ex ante contributions to the ‘Single Resolution Fund’ (SRF) for 2022 by the ‘Single Resolution Board’ (SRB) was unlawful.
Hypo Vorarlberg Bank has challenged before the General Court the legality of the decision (SRB/ES/2022/18) of the SRB, the European authority responsible for the resolution of large failing banks in the euro area, which sets the...