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13.4.2015 |
EN |
Official Journal of the European Union |
C 118/3 |
Judgment of the Court (Seventh Chamber) of 12 February 2015 — European Commission v IPK International — World Tourism Marketing Consultants GmbH
(Case C-336/13 P) (1)
((Appeals - Commission decision ordering the repayment of financial assistance - Compliance with a judgment of the General Court of the European Union - Distinction between default interest and compensatory interest - Calculation of interest))
(2015/C 118/04)
Language of the case: German
Parties
Appellant: European Commission (represented by: F. Dintilhac, G. Wilms and G. Zavvos, acting as Agents)
Other party to the proceedings: IPK International — World Tourism Marketing Consultants GmbH (represented by: C. Pitschas, Rechtsanwalt)
Operative part of the judgment
The Court:
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1) |
Sets aside the judgment of the General Court of the European Union in IPK International v Commission (T-671/11, EU:T:2013:163) to the extent that it orders the default interest payable by the European Commission to IPK International — World Marketing Consultants GmbH to be fixed on the basis of the amount of the principal debt, plus the interest that has already accrued; |
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2) |
Dismisses the appeal as to the remainder; |
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3) |
Orders that the default interest payable by the European Commission to IPK International — World Marketing Consultants GmbH be calculated solely on the basis of the amount of the principal debt; |
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4) |
Orders the European Commission and IPK International — World Marketing Consultants GmbH to bear their own costs in relation to the present proceedings. |