CELEX: 62006TJ0184
Arbitration clause
Contract concluded in the framework of a special programme in the field of information society technologies (Crossmarc project)
Non-performance of the contract
Repayment of the advance paid by the Community
At-first-demand guarantee of the contractual obligations
Default procedure

ACTION, based on an arbitration clause, for an order that the defendants repay the amount of the advance paid by the Community,
and interest for late payment, following the non-performance of Contract No 2000-25366 concluded in the framework of a special
programme for research, technological development and demonstration in the field of information society technologies (IST)
(1998-2002) concerning the Crossmarc project (Cross-lingual Multi Agent Retail Comparison).
Operative part
The Court:
1.
Orders Dane-Elec Memory to pay to the Commission of the European Communities the principal sum of EUR 55 878 with interest
thereon:
–        at the annual rate of 4.75% from 16 March 2004 to 31 December 2005;
–        at the annual rate of 5% from 1 January to 31 December 2006;
–        at the annual rate of 5.25% from 1 January 2007 until the debt is paid in full;
2.
Decides that there is no need to adjudicate on the claim against Internet Commerce Network;
3.
Orders Dane-Elec Memory to bear its own costs and pay those incurred by the Commission;
4.
Orders Internet Commerce Network to bear its own costs.