General Court (Fourth Chamber, sitting with five Judges) 19 November 2025, T-366/23 (YH v European Central Bank.)

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The General Court dismissed an action for annulment against a European Central Bank (ECB) decision opposing the acquisition of a qualifying holding in a credit institution, affirming the ECB's broad discretion in prudential supervision. The Court held that the assessment of a proposed acquirer's reputation (good repute) may validly include an evaluation of professional competence and the potential for material influence by a third party of bad repute with close family or financial ties. Furthermore, the Court confirmed that the 60-working-day assessment period only commences upon receipt of a complete notification in the required written form, and that minor procedural irregularities in notification do not invalidate a decision if the addressee was able to take cognisance of its substance.AI