SV Capital OU v European Banking Authority

European Union – EU institutions. The General Court of the European Union upheld the action brought by SV Capital OU (SV) for annulment of Decision 2014-C1-02 of the Board of Appeal of the European Supervisory Authorities which had dismissed the action brought by SV against the decision of the European Banking Authority to reject SV's request for an investigation to be initiated into the Estonian and Finnish financial sector supervisory authorities, pursuant to art 17(2) of Regulation (EU) No 1093/2010 as a result of an alleged breach of EU law. The General Court decided that the Board of Appeal had lacked the competence to decide on that appeal on the basis of art 60(1) of that regulation.

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