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Pilatus Bank's appeal of 2018 license withdrawal to head back to EU General Court, opinion says

( May 25, 2023, 11:00 GMT | Official Statement) -- MLex Summary: Pilatus Bank's bid to overturn the 2018 withdrawal of its authorization by the European Central Bank will be referred back to the EU's lower-tier court, a legal opinion of the EU court's advocate general said today. The General Court decided not to overturn the ECB's withdrawal decision in 2022, after it said the Maltese lender failed to show that the supervisor had breached sound administration principles after the owner of Pilatus owner was embroiled in a money laundering scandal.Opinion attached....

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