Tue. May 18th, 2021

Banco de Portugal and Others – DFON

The unconditional recognition of a reorganisation measure regarding a credit institution, having retroactive effect, is contrary to EU law if it means that the client can no longer pursue legal proceedings on the merits against the ‘bridge bank’ to which the liabilities in question were previously transferred

Source: 72/2021 : 29 April 2021 – Judgment of the Court of Justice in Case C-504/19