CELEX: 62001TJ0093
Arbitration clause
Contract for improvement work on the Commission building in Kiev (Ukraine)
Additional clauses
Parties to the contract

(Paragraphs 1 to 77 and 79 of the grounds are not reproduced.)
Conclusion
In accordance with the terms of the contract, as interpreted in the present judgment, and in light of the parties' observations,
the Commission must be ordered to pay into account No ... of the Raiffeisen Zentralbank Österreich AG or, if it no longer
exists, into any account to be indicated to the Commission by Ost-Invest jointly with the applicant, the sum of EUR 25 000
and the sum of EUR 4 694.44, together with default interest calculated, in accordance with the procedure set out in the present
judgment, from 20 July 2000 in respect of the sum of EUR 25 000 and from 20 October 1998 in respect of the sum of EUR 4 694.44.
On those grounds,
THE COURT OF FIRST INSTANCE (Second Chamber)
hereby:
1.
Orders the Commission to pay, in accordance with the terms of the contract as here interpreted and summarised above at paragraph
78:
─
the sum of EUR 25 000, together with default interest from 20 July 2000 until full and final payment;
─
the sum of EUR 4 694.44, together with default interest from 20 October 1998 until full and final payment;
2.
Sets the rate of default interest at 8% per annum for the period running from 20 October 1998 to 31 December 1998 inclusive,
and to be calculated, from 1 January 1999, on the basis of the rate set by the European Central Bank for capital refinancing
operations in force during the various phases of the period concerned, increased by two percentage points;
3.
Dismisses the remainder of the application;
4.
Orders the Commission to pay the costs.
Forwood
Pirrung
Meij
Delivered in open court in Luxembourg on 10 June 2003.
H. Jung
N.J. Forwood
Registrar
President
–
Language of the case: German.