Barbora Budinská discusses ‘ABLV judgments’ on EU Law Live podcast
In the EU Law Live podcast episode ‘Banks under stress and EU law in the latest case-law of the Court of Justice of the EU’, Barbora Budinská talks about a series of judgments concerning the ABLV Bank Latvia and its subsidiary, ABLV Luxembourg.
After a short period of massive deposit outflows in February 2018, the ABLV Bank and its subsidiary were declared failing or likely to fail by the European Central Bank. Subsequently, the Single Resolution Board decided that the resolution of the banks under the EU resolution framework was not necessary in the public interest. These measures were challenged in a series of actions for annulment. In a brief analysis and a podcast interview, Barbora Budinská discusses the EU courts’ most relevant findings concerning legal standing, the reviewability of EU measures, and the substantive review of failing or likely-to-fail assessments under EU law.