CELEX: 62019CA0709
Language: en
Date: 2021-05-12 00:00:00
Title: Case C-709/19: Judgment of the Court (First Chamber) of 12 May 2021 (request for a preliminary ruling from the Hoge Raad der Nederlanden — Netherlands) — Vereniging van Effectenbezitters v BP plc (Reference for a preliminary ruling — Jurisdiction and the enforcement of judgments in civil and commercial matters — Regulation (EU) No 1215/2012 — Article 7(2) — Jurisdiction in tort, delict or quasi-delict — Place where the harmful event occurred — Damage consisting in purely financial loss)

12.7.2021   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 278/8
            
         
      Judgment of the Court (First Chamber) of 12 May 2021 (request for a preliminary ruling from the Hoge Raad der Nederlanden — Netherlands) — Vereniging van Effectenbezitters v BP plc
      (Case C-709/19) (1)
      
      (Reference for a preliminary ruling - Jurisdiction and the enforcement of judgments in civil and commercial matters - Regulation (EU) No 1215/2012 - Article 7(2) - Jurisdiction in tort, delict or quasi-delict - Place where the harmful event occurred - Damage consisting in purely financial loss)
      (2021/C 278/09)
      Language of the case: Dutch
      
         Referring court
      
      Hoge Raad der Nederlanden
      
         Parties to the main proceedings
      
      
         Applicant: Vereniging van Effectenbezitters
      
         Defendant: BP plc
      
         Operative part of the judgment
      
      Article 7(2) of Regulation (EU) No 1215/2012 of the European Parliament and of the Council of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters must be interpreted as meaning that the direct occurrence in an investment account of purely financial loss resulting from investment decisions taken as a result of information which is easily accessible worldwide but inaccurate, incomplete or misleading from an international listed company does not allow the attribution of international jurisdiction, on the basis of the place of the occurrence of the damage, to a court of the Member State in which the bank or investment firm in which the account is held has its registered office, where that firm was not subject to statutory reporting obligations in that Member State.
      
         (1)  OJ C 19, 20.1.2020.