CELEX: 62013CA0336
Language: en
Date: 2015-02-12 00:00:00
Title: Case C-336/13 P: Judgment of the Court (Seventh Chamber) of 12 February 2015  — European Commission v IPK International — World Tourism Marketing Consultants GmbH (Appeals — Commission decision ordering the repayment of financial assistance — Compliance with a judgment of the General Court of the European Union — Distinction between default interest and compensatory interest — Calculation of interest)

13.4.2015   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 118/3
            
         Judgment of the Court (Seventh Chamber) of 12 February 2015 — European Commission v IPK International — World Tourism Marketing Consultants GmbH
   (Case C-336/13 P) (1)
   
   ((Appeals - Commission decision ordering the repayment of financial assistance - Compliance with a judgment of the General Court of the European Union - Distinction between default interest and compensatory interest - Calculation of interest))
   (2015/C 118/04)
   Language of the case: German
   
      Parties
   
   
      Appellant: European Commission (represented by: F. Dintilhac, G. Wilms and G. Zavvos, acting as Agents)
   
      Other party to the proceedings: IPK International — World Tourism Marketing Consultants GmbH (represented by: C. Pitschas, Rechtsanwalt)
   
      Operative part of the judgment
   
   The Court:
   
               1)
            
            
               Sets aside the judgment of the General Court of the European Union in IPK International v Commission (T-671/11, EU:T:2013:163) to the extent that it orders the default interest payable by the European Commission to IPK International — World Marketing Consultants GmbH to be fixed on the basis of the amount of the principal debt, plus the interest that has already accrued;
            
         
               2)
            
            
               Dismisses the appeal as to the remainder;
            
         
               3)
            
            
               Orders that the default interest payable by the European Commission to IPK International — World Marketing Consultants GmbH be calculated solely on the basis of the amount of the principal debt;
            
         
               4)
            
            
               Orders the European Commission and IPK International — World Marketing Consultants GmbH to bear their own costs in relation to the present proceedings.
            
         
      (1)  OJ C 260, 7.9.2013.