This document is an excerpt from the EUR-Lex website
Document 62017TA0590
Case T-590/17: Judgment of the General Court of 6 June 2019 — EIB v Syria (Arbitration clause — Water Supply Sweida Region Loan Agreement No 80212 — Non-performance of the agreement — Repayment of the sums advanced — Default interest — Procedure by default)
Case T-590/17: Judgment of the General Court of 6 June 2019 — EIB v Syria (Arbitration clause — Water Supply Sweida Region Loan Agreement No 80212 — Non-performance of the agreement — Repayment of the sums advanced — Default interest — Procedure by default)
Case T-590/17: Judgment of the General Court of 6 June 2019 — EIB v Syria (Arbitration clause — Water Supply Sweida Region Loan Agreement No 80212 — Non-performance of the agreement — Repayment of the sums advanced — Default interest — Procedure by default)
OJ C 280, 19.8.2019, p. 38–38
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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19.8.2019 |
EN |
Official Journal of the European Union |
C 280/38 |
Judgment of the General Court of 6 June 2019 — EIB v Syria
(Case T-590/17) (1)
(Arbitration clause - Water Supply Sweida Region Loan Agreement No 80212 - Non-performance of the agreement - Repayment of the sums advanced - Default interest - Procedure by default)
(2019/C 280/53)
Language of the case: English
Parties
Applicant: European Investment Bank (represented by: initially by P. Chamberlain, T. Gilliams, F. Oxangoiti Briones and J. Shirran, and subsequently by F. Oxangoiti Briones, J. Klein and J. Shirran, acting as Agents, and D. Arts, lawyer, and T. Cusworth, Solicitor)
Defendant: Syrian Arab Republic
Re:
Action pursuant to Article 272 TFEU, seeking an order that the Syrian Arab Republic repay sums due under Water Supply Sweida Region Loan Agreement No 80212, plus default interest.
Operative part of the judgment
The Court:
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1. |
Orders the Syrian Arab Republic to repay the European Union, represented by the European Investment Bank (EIB), the sum of EUR 726 942,81; |
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2. |
Declares that that sum is to bear default interest, on the principle amounts and on the contractual interest, at the annual rate of 3.5%, from 25 August 2017 until the date that payment is made; |
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3. |
Dismisses the action as to the remainder; |
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4. |
Orders the Syrian Arab Republic to pay the costs. |