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PNB Banka's appeal against ECB, SRB over forced liquidation published by EU court

( October 21, 2024, 09:51 GMT | Official Statement) -- MLex Summary: PNB Banka's legal challenge at the EU General Court against the European Central Bank and the Single Resolution Board over damages allegedly stemming from the forced discontinuation and liquidation of its business was published today in the EU's Official Journal. The Latvian bank argues that the authorities exceeded their competences by publicly announcing the liquidation of the bank. According to the bank, the damages relate to the lack of an effective representation and the unlawful closure of the bank’s business. ...

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