Arbitration clause Late payment interest Default procedure Reimbursement of sums advanced Contract for financial assistance concluded under a specific programme in the field of telematic applications of common interest Encata Project
Sumário
Judgment of the Court of First Instance (Eighth Chamber) of 17 December 2008.
Commission of the European Communities v Cooperação e Desenvolvimento Regional, SA.
Arbitration clause - Contract for financial assistance concluded under a specific programme in the field of telematic applications of common interest - Encata Project - Reimbursement of sums advanced - Late-payment interest - Default procedure.
Case T-174/08.
Texto da decisão
Judgment of the Court of First Instance (Eighth Chamber) of 17 December 2008 – Commission v Cooperação e Desenvolvimento Regional
(Case T-174/08)
Arbitration clause – Contract for financial assistance concluded under a specific programme in the field of telematic applications of common interest – Encata Project – Reimbursement of sums advanced – Late‑payment interest – Default procedure
Procedure – Referral to the Court of First Instance under an arbitration clause – Contract granting Community financial assistance for carrying out a project in the area of research, technological development and demonstration – Overall financial contribution to the project less than the amount of the sum advanced by the Commission – Right to partial repayment of the advance, plus late-payment interest – Interest rate for delay claimed by the Commission lower than that calculated under the rules of the applicable national law (Art. 238 EC) (see paras 51-59)
Re:
| ACTION under Article 238 EC seeking an order that the defendant reimburse part of the amount advanced by the European Community, together with late-payment interest, under contract SU 1001 (SU) Encata. |
Operative part
The Court:
|
1. |
Orders Cooperação e Desenvolvimento Regional, SA to reimburse to the Commission of the European Communities the sum of EUR 63 349.27, together with late-payment interest: |
– at the rate of 6.29% per annum from 31 January 2001 to the date of the present judgment;
– at the annual rate applied under Irish law, that is to say, currently Article 26 of the Debtors (Ireland) Act 1840, as amended, up to the rate of 6.29% per annum from the date of the present judgment to full clearance of the debt.
|
2. |
Orders Cooperação e Desenvolvimento Regional to pay the costs. |