19.9.2022 |
EN |
Official Journal of the European Union |
C 359/90 |
Action brought on 22 July 2022 — EIB v Syria
(Case T-468/22)
(2022/C 359/110)
Language of the case: English
Parties
Applicant: European Investment Bank (represented by: D. Arts and E. Paredis, lawyers, T. Gilliams, R. Stuart and F. de Borja Oxangoiti Briones, agents)
Defendant: Syrian Arab Republic
Form of order sought
The applicant claims that the Court should impose on the Syrian Arab Republic the order:
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for payment of all sums due to the applicant under Articles 3.01, 3.02 and 4.01 of the Electricity Transmission Project Loan Agreement, nr. 20868 (hereafter the ‘Loan Agreement’) since 9 August 2017 further to its right of subrogation comprising:
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for payment of all costs related to the present proceedings pursuant to Article 134(1) of the Rules of Procedure. |
Pleas in law and main arguments
In support of the action, the applicant relies on one plea in law.
First and only plea in law, alleging that the Syrian Arab Republic has breached its contractual obligations under Articles 3.01 and 4.01 of the Loan Agreement to make payment of the further instalments under the Loan Agreement as they have fallen due, since 9 August 2017 and under Article 3.02 of the Loan Agreement to make payment of default interest on each of the instalments due and not paid, accruing at the annual rate therein. Consequently, the Syrian Arab Republic is contractually obligated to pay all amounts due under Articles 3.01, 3.02 and 4.01 of the Loan Agreement to the applicant (subrogated to the European Investment Bank’s claims).