Judgment of the General Court (Sixth Chamber) of 6 June 2019 –EIB v Syria (Case T‑589/17)
Grade B
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Not the law itself: Judgment
Address https://gelex.eu/eli/EU/judgment/62017TJ0589_INF@2019-06-06/en
1. Judicial proceedingsGeneral Court seised under an arbitration clauseLoan agreement concluded between the European Investment Bank and SyriaJurisdiction of the General Court defined by Articles 256 and 272 TFEU and the arbitration clause (Arts 256(1) and 272 TFEU) (see paras 14, 15)
2. Judicial proceedingsApplication initiating proceedingsFormal requirementsIdentification of the subject matter of the disputeBrief summary of the pleas in law on which the application is basedApplication in the context of a loan agreement for any installments falling due and remaining unpaid after the date of the applicationHypothetical circumstances not yet establishedInadmissibility (Rules of Procedure of the General Court, Art. 76(d)) (see paras 18-22)
Re: Action pursuant to Article 272 TFEU, seeking an order that the Syrian Arab Republic repay sums due under Aleppo-Tall Kojak Road Project Loan Agreement No 60136, plus default interest. Operative part The Court:
1. Orders the Syrian Arab Republic to repay the European Investment Bank (EIB) the sum of EUR 820 451.25;
2. Declares that that sum is to bear default interest, on the principle amounts, at the annual rate of 3.5%, from 25 August 2017 until the date that payment is made;
3. Dismisses the action as to the remainder;
4. Orders the Syrian Arab Republic to pay the costs.