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Portigon wins challenge against SRB over 2017 contributions to bailout fund at EU court

( November 6, 2024, 10:20 GMT | Official Statement) -- MLex Summary: German lender Portigon, the legal successor of WestLB, won its legal challenge against the Single Resolution Board over the calculation of the 2017 financial contributions to the EU-wide bailout fund at the EU's lower-tier court. In today's ruling, SRB's decision was annulled but its effects will be maintained until a new decision is issued, which should be within six months. ...

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