Joined Cases C-8/15 P to C-10/15 P: Judgment of the Court (Grand Chamber) of 20 September 2016 — Ledra Advertising Ltd (C-8/15 P), Andreas Eleftheriou (C-9/15 P), Eleni Eleftheriou (C-9/15 P), Lilia Papachristofi (C-9/15 P), Christos Theophilou (C-10/15 P), Eleni Theophilou (C-10/15 P) v European Commission, European Central Bank (Appeals — Stability support programme for the Republic of Cyprus — Memorandum of Understanding of 26 April 2013 on Specific Economic Policy Conditionality concluded between the Republic of Cyprus and the European Stability Mechanism (ESM) — Duties of the European Commission and the European Central Bank — Non-contractual liability of the European Union — Second paragraph of Article 340 TFEU — Conditions — Obligation to ensure that the Memorandum of Understanding is consistent with EU law)
Date: 2016-09-20
Institutions: Court of Justice
Subjects: Cyprus, EU law, economic policy, economic stabilisation, powers of the institutions (EU), stability programme








C_2016419EN.01001001.xml










14.11.2016   


EN


Official Journal of the European Union


C 419/10





Judgment of the Court (Grand Chamber) of 20 September 2016 — Ledra Advertising Ltd (C-8/15 P), Andreas Eleftheriou (C-9/15 P), Eleni Eleftheriou (C-9/15 P), Lilia Papachristofi (C-9/15 P), Christos Theophilou (C-10/15 P), Eleni Theophilou (C-10/15 P) v European Commission, European Central Bank
(Joined Cases C-8/15 P to C-10/15 P) (1)

((Appeals - Stability support programme for the Republic of Cyprus - Memorandum of Understanding of 26 April 2013 on Specific Economic Policy Conditionality concluded between the Republic of Cyprus and the European Stability Mechanism (ESM) - Duties of the European Commission and the European Central Bank - Non-contractual liability of the European Union - Second paragraph of Article 340 TFEU - Conditions - Obligation to ensure that the Memorandum of Understanding is consistent with EU law))
(2016/C 419/12)
Language of the case: English

Parties


Appellants: Ledra Advertising Ltd (C-8/15 P), Andreas Eleftheriou (C-9/15 P), Eleni Eleftheriou (C-9/15 P), Lilia Papachristofi (C-9/15 P), Christos Theophilou (C-10/15 P), Eleni Theophilou (C-10/15 P) (represented by: A. Paschalides, dikigoros, A. Paschalidou, Barrister, and A. Riza QC, instructed by C. Paschalides, Solicitor)

Other parties to the proceedings: European Commission (represented by: J.-P. Keppenne and M. Konstantinidis, acting as Agents), European Central Bank (represented by: K. Laurinavičius and O. Heinz, acting as Agents, and H.-G. Kamann, Rechtsanwalt)

Operative part of the judgment

The Court:






1.


Sets aside the orders of the General Court of the European Union of 10 November 2014, Ledra Advertising v Commission and ECB (T-289/13, EU:T:2014:981), of 10 November 2014, Eleftheriou and Papachristofi v Commission and ECB (T-291/13, not published, EU:T:2014:978), and of 10 November 2014, Theophilou v Commission and ECB (T-293/13, not published, EU:T:2014:979);










2.


Dismisses the actions brought before the General Court in Cases T-289/13, T-291/13 and T-293/13;










3.


Orders Ledra Advertising Ltd, Andreas Eleftheriou, Eleni Eleftheriou, Lilia Papachristofi, Christos Theophilou, Eleni Theophilou, the European Commission and the European Central Bank (ECB) each to bear their own costs incurred both at first instance and on appeal.






(1)  OJ C 171, 26.5.2015.