Information;Judgment — ECLI:EU:T:2019:388
Date: 2019-06-06
Language of the case: English
Court formation: Sixth Chamber
Subject matter: European Investment Bank (EIB);External relations;Economic, financial and technical cooperation with third countries
Procedure: Arbitration clause - successful;Arbitration clause - application inadmissible

summary of the pleas in law on which the application is based — Application in the context of a loan agreement for any installments falling due and remaining unpaid after the date of the application — Hypothetical circumstances not yet established — Inadmissibility (Rules of Procedure of the General Court, Art. 76(d)) (see paras 18-22) Re: Action pursuant to Article 272 TFEU, seeking an order that the Syrian Arab Republic repay sums due under Aleppo-Tall Kojak Road Project Loan Agreement No 60136, plus default interest. Operative part The Court: 1. Orders the Syrian Arab Republic to repay the European Investment Bank (EIB) the sum of EUR 820 451.25; 2. Declares that that sum is to bear default interest, on the principle amounts, at the annual rate of 3.5%, from 25 August 2017 until the date that payment is made; 3. Dismisses the action as to the remainder; 4. Orders the Syrian Arab Republic to pay the costs.