CELEX: 62006TJ0176
Language: en
Date: 2008-07-08 00:00:00
Title: Judgment of the Court of First Instance (Third Chamber) of 8 July 2008. # Sviluppo Italia Basilicata SpA v Commission of the European Communities. # European Regional Development Fund (FEDER) - Reduction in financial assistance - Application for annulment - Venture capital fund - Deadline for the completion of investment projects - Procedure - Principles of protection of legitimate expectations and legal certainty - Principle of proportionality - Statement of reasons - Action for damages. # Case T-176/06.

Judgment of the Court of First Instance (Third Chamber) of 8 July 2008 – Sviluppo Italia Basilicata v Commission
      (Case T-176/06)
      European Regional Development Fund (FEDER) – Reduction in financial assistance – Application for annulment – Venture capital fund – Deadline for the completion of investment projects – Procedure – Principles of protection of legitimate expectations and legal certainty – Principle of proportionality – Statement of reasons – Action for damages
      1.                     Economic and social cohesion – European Regional Development Fund – Decision to reduce financial assistance (Council Regulation
            No 4253/88, Art. 24) (see paras 42-59)
      2.                     Economic and social cohesion – European Regional Development Fund – Decision to reduce financial assistance (Council Regulation
            No 4253/88, Arts 25 and 26) (see paras 78-82, 89-92)
      3.                     Acts of the institutions – Statement of reasons – Obligation – Scope (Art. 253 EC) (see points 97-102)
      4.                     Non-contractual liability – Conditions – Commission decision reducing financial assistance from the European Regional Development
            Fund (Art. 288, second para., EC; Council Regulation No 4253/88) (see paras 116-118)
      Re:
      
         
               ANNULMENT of Commission Decision C(2006) 1706 of 20 April 2006 reducing the financial assistance from the European Regional
                  Development Fund in favour of an overall allocation for the purpose of implementing measures to support small and medium-sized
                  enterprises operating in the Basilicata Region of Italy, granted under the Community support framework for Community structural
                  assistance in the regions of Italy covered by Objective 1, and application for damages for the harm caused by that decision.
               
            Operative part
      The Court:
      
         
                  1.
               
               
                  
               
               
                  	Dismisses the action;
               
            
         
                  2.
               
               
                  
               
               
                  	Orders Italia Basilicata SpA to pay the costs.