CELEX: 62010TJ0110
Arbitration clause
Financing contract for research and development projects
El Hierro contract
Lack of supporting documents and non-compliance with the contractual requirements in respect of the declared expenses
Reimbursement of sums advanced
Counterclaim by the Commission

APPLICATION, submitted on the basis of Article 272 TFEU, seeking a declaration, first, that the Commission’s request for reimbursement
of the sum of EUR 84 120 is unfounded and, second, that the Commission be ordered to issue a ‘credit note’ in the amount of
EUR 84 120.
Operative part
The Court:
1.
Dismisses the action;
2.
Orders the Conseil scientifique international pour le développement des îles (Insula) to pay the European Commission the principal
sum of EUR 84 120, increased by default interest at the rate of 2.5% per annum, from 26 January 2010 until full payment of
that principal sum;
3.
Dismisses the remainder of the Commission’s counterclaim;
4.
Orders Insula to bear its own costs and to pay those incurred by the Commission.