PNB Banka loses ECJ appeal over Single Resolution Board's no-resolution decision
( November 5, 2026, 10:43 GMT | Official Statement) -- MLex Summary: Latvian bank PNB Banka has lost its legal dispute at the EU Court of Justice against the Single Resolution Board over its collapse in 2019. The lender had sought to overturn a lower court ruling upholding the board's decision not to adopt a resolution plan because resolution was not in the public interest. While EU judges said that the bank's right to be heard had been breached, the lender failed to show that respecting that right could have led to a different outcome.Judgment attached. The case reference is C-74/24 P, appealing case T-732/19....
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