CELEX: C2005/193/02
Language: en
Date: 2005-08-06 00:00:00
Title: Judgment of the Court (Third Chamber) of 16 June 2005 in Case C-124/02: European Parliament v AIG Europe (Arbitration clause — Insurance policies — Termination on grounds of increase of the risk insured — Abuse — Contractual liability — Damages)

6.8.2005   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 193/2
            
         
      JUDGMENT OF THE COURT
   
   (Third Chamber)
   of 16 June 2005
   in Case C-124/02: European Parliament v AIG Europe (1)
   
   (Arbitration clause - Insurance policies - Termination on grounds of increase of the risk insured - Abuse - Contractual liability - Damages)
   (2005/C 193/02)
   Language of the case: French
   In Case C-124/02 European Parliament (Agents: D. Petersheim, O. Caisou-Rousseau and M. Ecker) v AIG Europe (Lawyers: J.-L. Fagnart and L. Vael) — action brought on 5 April 2002 under Article 238 EC — the Court (Third Chamber), composed of A. Rosas, President of the Chamber, R. Schintgen (Rapporteur) and K. Schiemann, Judges; P. Léger, Advocate General; M. Múgica Arzamendi, Principal Administrator, for the Registrar, gave a judgment on 16 June 2005, in which it:
   
               1.
            
            
               Holds that the termination of the guarantees in contract no. 5.013.347 notified by AIG Europe to the European Parliament on 8 October and 5 November 2001 constitutes a wrongful termination of that contract;
            
         
               2.
            
            
               Orders AIG Europe to compensate the damage caused to the European Parliament as a result of the wrongful termination of contract no. 5.013.347;
            
         
               3.
            
            
               Holds that the sum due as compensation for the damage which AIG Europe caused the European Parliament in respect of the year 2001 is obtained by multiplying, firstly, the sum of EUR 205 131,75 by the percentage of premiums received by AIG Europe out of the total sum of those due by the Parliament to the four co-assurors and by multiplying, secondly, the sum of EUR 178 453,01 by the same percentage. The sum which that institution paid or should have paid to AIG Europe under the 'labour disputes/terrorist acts' guarantee for its assets in Belgium and Luxembourg for the period 5 November to 31 December 2001 and in respect of all the guarantees covering its assets in France for the period 16 November to 31 December 2001 must then be deducted from the sum of those two products;
            
         
               4.
            
            
               Holds that the sum due as compensation for the damage which AIG Europe caused the European Parliament in respect of the year 2002 is obtained by multiplying the sum of EUR 389 291,73 by the percentage of premiums which AIG Europe would have received out of the total of those which the European Parliament should have paid to the four co-assurors in respect of the guarantees for the year 2002 and by deducting from the product thus obtained the sum which that institution should have paid to AIG Europe in respect of the cover for its assets in France against all material damage for the year 2002;
            
         
               5.
            
            
               Holds that the sums due to the European Parliament by AIG Europe generate interest at the statutory rate with effect from 4 April 2002;
            
         
               6.
            
            
               Orders AIG Europe to pay the costs.
            
         
      (1)  OJ C 144, 15.06.2002.