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Bank Resolution and Fundamental Rights

Authors
  • Kokott, Juliane
Type
Published Article
Journal
Zeitschrift für Bankrecht und Bankwirtschaft
Publisher
RWS Verlag
Publication Date
Feb 15, 2024
Volume
36
Issue
1
Pages
33–39
Identifiers
DOI: 10.15375/zbb-2024-0109
Source
De Gruyter
License
Yellow

Abstract

This article deals in particular with the right to property of shareholders and creditors suffering from the negative consequences of bank resolution. Although the General Court recognizes the possibility of de facto infringements or expropriations falling within the scope of Article 17 of the Charter, the Court of Justice is reluctant in that regard. The application of the “no creditors worse off principle” may provide for the necessary protection under the condition, however, that a valuable ex ante evaluation of the bank´s assets is assured.

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