CELEX: 62008TJ0174
Arbitration clause
Contract for financial assistance concluded under a specific programme in the field of telematic applications of common interest
Encata Project
Reimbursement of sums advanced
Late-payment interest
Default procedure

ACTION under Article 238 EC seeking an order that the defendant reimburse part of the amount advanced by the European Community,
together with late-payment interest, under contract SU 1001 (SU) Encata.
Operative part
The Court:
1.
Orders Cooperação e Desenvolvimento Regional, SA to reimburse to the Commission of the European Communities the sum of EUR 63 349.27,
together with late-payment interest:
–        at the rate of 6.29% per annum from 31 January 2001 to the date of the present judgment;
–        at the annual rate applied under Irish law, that is to say, currently Article 26 of the Debtors (Ireland) Act 1840, as amended,
up to the rate of 6.29% per annum from the date of the present judgment to full clearance of the debt.
2.
Orders Cooperação e Desenvolvimento Regional to pay the costs.