This document is an excerpt from the EUR-Lex website
Document 62017TN0541
Case T-541/17: Action brought on 11 August 2017 — EIB v Syria
Case T-541/17: Action brought on 11 August 2017 — EIB v Syria
Case T-541/17: Action brought on 11 August 2017 — EIB v Syria
OJ C 369, 30.10.2017, p. 25–26
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
30.10.2017 |
EN |
Official Journal of the European Union |
C 369/25 |
Action brought on 11 August 2017 — EIB v Syria
(Case T-541/17)
(2017/C 369/37)
Language of the case: English
Parties
Applicant: European Investment Bank (represented by: P. Chamberlain, T. Gilliams, J. Shirran and F. de Borja Oxangoiti Briones agents, D. Arts, lawyer and T. Cusworth, solicitor)
Defendant: Syrian Arab Republic
Form of order sought
The applicant claims that the Court should impose on Syria the order:
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For payment of all sums due to the EU under Articles 3.01, 3.02, 4.01, 8.01 and 8.02 of the Electricity Transmission Loan Agreement in its right of subrogation comprising:
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In the alternative to the order above, and if the Court finds that the EU is not subrogated to the rights of the Bank, payment of all sums due to the Bank under Articles 3.01, 3.02, 4.01, 8.01 and 8.02 of the Electricity Transmission Loan Agreement comprising:
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In any event, for payment of the amount due to either the EU or the Bank, as the case may be, for instalments which will fall due after the date of this application and for which Syria fails to make a payment, 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 Syria has breached its contractual obligations under Articles 3.01 and 4.01 of the Electricity Transmission Loan Agreement to make payment of the instalments under the Electricity Transmission Loan Agreement as they have fallen due, and under Article 3.02 of the Electricity Transmission Loan Agreement to make payment of default interest on each of the instalments due and not paid, accruing at the annual rate therein. Consequently, Syria is contractually obligated to pay all amounts due under Articles 3.01, 3.02, 4.01, 8.01 and 8.02 of the Electricity Transmission Loan Agreement.