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EU bank-resolution fee is too opaque but law behind it isn't at fault, top court rules

By Jack Schickler ( July 15, 2021, 10:12 GMT | Insight) -- Germany's Landesbank Baden-Württemberg has succeeded in overturning a demand for contributions to an EU fund designed to manage failing lenders, after judges at the bloc's Court of Justice said the Single Resolution Board hadn't stated the reasons for the bill fully enough. They also told the lower-tier General Court to reconsider its ruling last year that had sought to overturn the legislation underpinning fee calculations to the 70 billion-euro fund. Today’s ruling may now allow EU courts to consider a range of challenges to the fund.Germany's Landesbank Baden-Württemberg has succeeded in overturning a demand for contributions to an EU fund designed to manage failing lenders, after judges at the EU Court of Justice said the Single Resolution Board hadn't stated the reasons for the bill fully enough. ...

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