Information;Judgment — ECLI:EU:T:2019:391
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 22-26) Re: Action pursuant to Article 272 TFEU, seeking an order that the Syrian Arab Republic repay sums due under Water Supply Deir Ez Zor Region Loan Agreement No 80310, plus default interest. Operative part The Court: 1. Orders the Syrian Arab Republic to repay the European Union, represented by the European Investment Bank (EIB), the sum of EUR 404 425.58; 2. Declares that that sum is to bear default interest, on the principle amounts and on the contractual interest, 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.