11.3.2019
EN
Official Journal of the European Union
C 93/15
Judgment of the Court (Fourth Chamber) of 17 January 2019 (request for a preliminary ruling from the Augstākā tiesa — Latvia) — SIA ‘KPMG Baltics’, acting as insolvency administrator of AS ‘Latvijas Krājbanka’ v SIA ‘Ķipars AI’
(Case C-639/17) (1)
((Reference for a preliminary ruling - Settlement finality in payment and securities settlement systems - Directive 98/26/EC - Scope - Concept of ‘transfer order’ - Payment order sent by the holder of an ordinary current account to a credit institution subsequently declared insolvent))
(2019/C 93/19)
Language of the case: Latvian
Referring court
Augstākā tiesa
Parties to the main proceedings
Appellant: SIA ‘KPMG Baltics’, acting as insolvency administrator of AS ‘Latvijas Krājbanka’
Respondent: SIA ‘Ķipars AI’
Operative part of the judgment
A payment order, such as that at issue in the main proceedings, given by the holder of an ordinary current account to a credit institution for a transfer of funds to another credit institution is not covered by the concept of ‘transfer order’, within the meaning of Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems, as amended by Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009, and does not, therefore, come within the scope of that directive.
(1) OJ C 52, 12.2.2018.
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