7.5.2018   

EN

Official Journal of the European Union

C 161/37

1.

to pay to the appellant compensation in the amount of EUR 2 516 221,50 for material and non-material damage arising from the appellant’s inclusion in the list of persons, entities and bodies in Annex V to Regulation (EC) No 423/2007 (1) and in Annex VIII to Regulation (EU) No 961/2010; (2)

2.

to pay to the appellant default interest at the rate set by the European Central Bank for its main refinancing operations, increased by two percentage points, from 17 October 2015 until the abovementioned sum has been paid in full;

3.

to pay the costs of the proceedings, in particular the appellant’s expenses.

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In taking into account, in the Council’s favour, circumstances and information which the Council did not submit until after the unlawful measures had been adopted, and in some cases only during the appeal proceedings, the General Court erred in law as regards the time relevant for the assessment.

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The General Court erred in law in concluding that there was circumstantial evidence that it was at least probable that the appellant ‘is owned or controlled by another entity [in this case: IRISL]’. In particular, the General Court applied an incorrect assessment criterion, incorrectly factored in information from the Council which the Council did not even possess at the time of the assessment, failed to establish the level of the (alleged) ownership or the intensity of the control and assessed the circumstantial evidence incorrectly.

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The General Court erred in law in assuming that Regulation No 668/2010 (3) was lawful in so far as it concerned the appellant.

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The General Court erred in law in assuming that in principle the inadequate justification for the measures adopted against the appellant could not render the EU liable and improperly failed to examine whether there had been an infringement of the right to effective judicial protection.