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CECCHETTI ANTONIA v. SAN MARINO and 38 other applications
Doc ref: 55261/22, 55708/22, 55709/22, 55710/22, 55711/22, 55712/22, 55713/22, 55714/22, 55715/22, 55716/22, ... • ECHR ID: 001-230019
Document date: December 6, 2023
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- Outbound citations: 4
CECCHETTI ANTONIA v. SAN MARINO and 38 other applications
Doc ref: 55261/22, 55708/22, 55709/22, 55710/22, 55711/22, 55712/22, 55713/22, 55714/22, 55715/22, 55716/22, ... • ECHR ID: 001-230019
Document date: December 6, 2023
Cited paragraphs only
Published on 8 January 2024
FIRST SECTION
Application no. 55261/22 Antonia CECCHETTI against San Marino and 38 other applications (see list appended) communicated on 6 December 2023
SUBJECT MATTER OF THE CASES
The applications concern the applicants’ inability to recover their assets originally held in Banca CIS after the latter’s compulsory liquidation in 2019.
As a result of a series of measures, including legislative ones, taken by the authorities and the progressive taking over of Banca CIS by various entities, after an initial freezing of the account holders’ assets for six months to avoid further disruption to the banking system, the applicants’ funds became unavailable for a total of thirteen years. In particular, according to a specific resolution adopted in 2019, account holders were to receive back their funds if they amounted to less than 100,000 euros (EUR) without any loss of value. For funds in excess of that sum, they would be converted to bank obligations retrievable according to a certain schedule, namely, for assets between EUR 100,000 and 300,000, within three years, and for those assets in excess of EUR 300,000 (up to 1 million), within five years, during which time a yield rate of 0.15 % and 0.25 % respectively would apply.
Nevertheless, on 22 July 2022, when the applicants should have recovered their assets, according to an announcement on the website of the supervising authority for the banking and financial industry in San Marino ( Vigilanza di Banca Centrale della Repubblica di San Marino ), in view of further legislative measures, their funds had been transformed into State bonds which would be held for a further ten years (at a yield rate of 1%). The applicants became aware of this announcement shortly after, through the press.
Relying on Article 1 of Protocol No. 1 to the Convention the applicants complained about the inability to retrieve or transfer their assets for a further ten years. In particular they considered that they had had a legitimate expectation to recover their funds (up to EUR 300,000) in 2022. Instead, they were faced with a measure which had not been in accordance with a law of sufficient quality and had imposed a disproportionate burden on them, not only because of its duration (following the initial three years) but also because the value of those assets had diminished by 36%. Besides being disproportionate, the measure undertaken in 2022 had not made any distinction between individual situations (contrary to the original resolution of 2019) or allowed for partial retrieval of the sums over the years. The applicants noted that such a course of action had not occurred in similar situations with other banks, where assets had been refunded to the account holders without similar complications.
QUESTIONS TO THE PARTIES
1. Was the interference with the applicants’ possessions, as of 22 July 2022, in accordance with a law of sufficient quality, within the meaning of the Convention (see, for example, Suljagić v. Bosnia and Herzegovina , no. 27912/02, § 56, 3 November 2009; Project-Trade d.o.o. v. Croatia , no. 1920/14, § 80-88, 19 November 2020; and Capital Bank AD v. Bulgaria , no. 49429/99, § 139, ECHR 2005-XII (extracts))?
2. If so, was that interference necessary to control the use of property in accordance with the general interest? Did it strike a fair balance between any general interest of the community and the right of property of the applicants, or did it impose an excessive individual burden on them (see for example, Trajkovski v. the Former Yugoslav Republic of Macedonia , (dec.) no. 53320/99, 7 March 2002 , and Ališić and Others v. Bosnia and Herzegovina, Croatia, Serbia, Slovenia and the former Yugoslav Republic of Macedonia [GC], no. 60642/08, § 124, ECHR 2014)?
APPENDIX
List of applications
No.
Application no.
Case name
Lodged on
Applicant Year of Birth Place of Residence Nationality
1.
55261/22
Cecchetti Antonia
v. San Marino
21/11/2022
Antonia CECCHETTI 1955 Borgo Maggiore,
San Marino San Marinese
2.
55708/22
Cecchetti Gilberto
v. San Marino
28/11/2022
Gilberto CECCHETTI 1952 Borgo Maggiore,
San Marino San Marinese
3.
55709/22
Cecchetti Giovanna
v. San Marino
28/11/2022
Giovanna CECCHETTI 1968 Borgo Maggiore,
San Marino San Marinese
4.
55710/22
Bonini
v. San Marino
28/11/2022
Ermes BONINI 1956 Borgo Maggiore,
San Marino Italian
5.
55711/22
Rovelli
v. San Marino
28/11/2022
William ROVELLI 1965 San Marino Italian
6.
55712/22
Urbinati
v. San Marino
28/11/2022
Massimo URBINATI 1957 Serravalle,
San Marino San Marinese
7.
55713/22
Bacciocchi Simone
v. San Marino
28/11/2022
Simone BACCIOCCHI 1977 Borgo Maggiore,
San Marino San Marinese
8.
55714/22
Giovannini
v. San Marino
28/11/2022
Loredana GIOVANNINI 1951 Borgo Maggiore,
San Marino San Marinese
9.
55715/22
Censoni
v. San Marino
28/11/2022
Lea CENSONI 1956 Dogana, San Marino San Marinese
10.
55716/22
Colombini
v. San Marino
28/11/2022
Andrea COLOMBINI 1973 Dogana, San Marino San Marinese
11.
55717/22
Torsani Marco v. San Marino
28/11/2022
Marco TORSANI 1977 Dogana, San Marino San Marinese
12.
55718/22
Torsani Valentina
v. San Marino
28/11/2022
Valentina TORSANI 1974 Dogana, San Marino San Marinese
13.
55719/22
Scarpellini
v. San Marino
28/11/2022
Antonello SCARPELLINI 1973 Serravalle, San Marino Italian
14.
55720/22
Forcellini Danilo
v. San Marino
28/11/2022
Danilo FORCELLINI 1964 Serravalle, San Marino San Marinese
15.
55721/22
Corbelli v. San Marino
28/11/2022
Francesca CORBELLI 1989 Serravalle,
San Marino San Marinese
16.
55722/22
Boschi
v. San Marino
28/11/2022
Costantino BOSCHI 1952 Borgo Maggiore,
San Marino San Marinese
17.
55723/22
Biagi
v. San Marino
28/11/2022
Thomas BIAGI 1976 Serravalle, San Marino Italian
18.
55724/22
Muratori
v. San Marino
28/11/2022
Giovanni MURATORI 1952 San Marino San Marinese
19.
55725/22
Ercolani Giuseppe
v. San Marino
28/11/2022
Giuseppe ERCOLANI 1943 Serravalle, San Marino San Marinese
20.
55726/22
Ercolani Angelo
v. San Marino
28/11/2022
Angelo ERCOLANI 1966 Serravalle, San Marino San Marinese
21.
55727/22
Cardelli
v. San Marino
28/11/2022
Angelo Luca CARDELLI 1965 Borgo Maggiore,
San Marino San Marinese
22.
55728/22
Trau’
v. San Marino
28/11/2022
Isabella TRAU’ 1960 Pesaro, Italy Italian
23.
55729/22
Lazzari
v. San Marino
28/11/2022
Francesca Angelina LAZZARI 1953 Domagnano,
San Marino San Marinese
24.
55730/22
Cecere
v. San Marino
28/11/2022
Antonella CECERE 1966 Serravalle, San Marino Italian
25.
55731/22
Poggi
v. San Marino
28/11/2022
Raffaele POGGI 1953 Faenza, Italy Italian
26.
55732/22
Cecchetti Maria Teresa v. San Marino
28/11/2022
Maria Teresa CECCHETTI 1953 Domagnano, San Marino San Marinese
27.
55733/22
Volpinari v. San Marino
28/11/2022
Italo VOLPINARI 1972 Borgo Maggiore,
San Marino San Marinese
28.
55734/22
Apicella v. San Marino
28/11/2022
Vincenzo APICELLA 1958 Fiorentino, Italy San Marinese
29.
55735/22
Forcellini Giuseppe
v. San Marino
28/11/2022
Giuseppe FORCELLINI 1941 Serravalle, San Marino San Marinese
30.
55736/22
Fabbri
v. San Marino
28/11/2022
Nensi FABBRI 1956 Falciano,
San Marino Italian
31.
55737/22
Bacciocchi Davide
v. San Marino
28/11/2022
Davide BACCIOCCHI 1981 Borgo Maggiore,
San Marino San Marinese
32.
55738/22
Guidi
v. San Marino
28/11/2022
Mary GUIDI 1964 Dogana, San Marino San Marinese
33.
55739/22
Selva
v. San Marino
28/11/2022
Fabrizio SELVA 1961 San Marino San Marinese
34.
55740/22
Giorgetti
v. San Marino
28/11/2022
Maria Assunta GIORGETTI 1962 San Marino San Marinese
35.
55741/22
Catena
v. San Marino
28/11/2022
Orazio CATENA 1962 Serravalle,
San Marino Italian
36.
55742/22
Dondeyne
v. San Marino
28/11/2022
Francoise Georgette Henriette DONDEYNE 1949 Borgo Maggiore,
San Marino French
37.
55743/22
Casali
v. San Marino
28/11/2022
Anna Maria CASALI 1929 San Marino San Marinese
38.
55744/22
Giardi
v. San Marino
28/11/2022
Gabriela GIARDI 1954 San Giovanni,
San Marino San Marinese
39.
55745/22
Troni Lucio
v. San Marino
28/11/2022
Lucio TRONI 1948 Riccione, Italy Italian
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