CELEX: 62005TJ0312(01)
Arbitration clause
Contract concerning a project for the development of a technology for the production of waterproof leathers
Failure to perform the contract
Reimbursement of sums advanced
Default interest
Referral back to the General Court after annulment
Default proceedings

ACTION brought by the Commission under Article 238 EC seeking an order for reimbursement of EUR 23 036.31 advanced by the
Commission to the defendant under a contract concerning a project for developing a technology for the production of waterproof
leathers (Contract G1ST-CT-2002-50227), together with default interest.
Operative part
The Court:
1.
Orders Efrosyni Alexiadou to repay the sum of EUR 23 036.31 to the European Commission, together with default interest:
–        at the rate of 5.25% per annum from 1 March 2003 to 31 August 2005;
–        at the statutory annual rate applicable under Belgian law, with a ceiling of 5.25% per annum, from 1 September 2005 to payment
in full of the debt;
2.
Orders Efrosyni Alexiadou to pay the costs.