62017TJ0589_INF
Judgment of the General Court (Sixth Chamber) of 6 June 2019 –EIB v Syria
(Case T‑589/17)
(Arbitration clause — Aleppo-Tall Kojak Road Project Loan Agreement No 60136 — Non-performance of the agreement — Repayment of the sums advanced — Default interest — Procedure by default)
1.
Judicial proceedings — General Court seised under an arbitration clause — Loan agreement concluded between the European Investment Bank and Syria — Jurisdiction of the General Court defined by Articles 256 and 272 TFEU and the arbitration clause
(Arts 256(1) and 272 TFEU)
(see paras 14, 15)
2.
Judicial proceedings — Application initiating proceedings — Formal requirements — Identification of the subject matter of the dispute — Brief 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.