Safeguards and judicial review

1. A challenge to the valuation referred to in Article 6 may be brought, separately from any challenge to the designation or to the liquidity event, before the courts of the Member State in which the covered undertaking has its registered office or, where it has none in the Union, before the Court of Justice of the European Union.

2. The dilution borne by the shareholders of a covered undertaking in consequence of this Regulation shall not exceed the percentage laid down in Article 5(2), determined on the basis of the valuation under Article 6 as corrected, where applicable, pursuant to Article 6(4).

3. This Regulation shall not affect any right of shareholders to compensation under the law of a Member State against parties other than the Reserve.