Court of Justice 11 February 2020, C-686/18 (OC e.a. and Others v Banca d'Italia and Others.)
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The Advocate General's opinion addresses the compatibility of Italian legislation, enacted in 2015, with EU law regarding cooperative banks, particularly focusing on the EUR 8 billion asset threshold that mandates conversion to a limited company or other actions if exceeded. The opinion interprets relevant EU regulations and the Charter of Fundamental Rights, suggesting that the legislation aims to align national cooperative banking regulations with EU prudential standards while ensuring competitiveness and transparency. The legal implications of share redemption limitations for withdrawing shareholders are also examined, emphasizing the balance between national provisions and EU requirements.AI
European Union · · · Cited by 1 · 11-02-2020
OPINION OF ADVOCATE GENERAL HOGAN delivered on 11 February 2020 ( 1 ) Case C‑686/18 OC and Others, Adusbef, Federconsumatori, PB and Others, QA and Others v Banca d’Italia, Presidenza del Consiglio dei Ministri, Ministero dell’Economia e delle Finanze, joined parties: Banca Popolare di Sondrio ScpA, Veneto Banca ScpA, Banco Popolare — Società Cooperativa, Banco BPM SpA, Ubi Banca SpA, Banca
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