Judgment of the Court (First Chamber) of 20 April 2016

Profit Investment SIM SpA v Stefano Ossi and Others

Request for a preliminary ruling from the Corte suprema di cassazione

Reference for a preliminary ruling — Regulation (EC) No 44/2001 — Area of Freedom, Security and Justice — Concept of ‘irreconcilable judgments’ — Actions having different subject-matters brought against several defendants domiciled in various Member States — Conditions for the prorogation of jurisdiction — Jurisdiction clause — Concept of ‘matters relating to a contract’ — Verification of the lack of a valid contractual link

Case C-366/13


Top of the page Documents in the Case
Document Date Name of the parties Subject-matter Curia EUR-Lex
Judgment (OJ)
27/05/2016 Profit Investment SIM
View pdf documents
Judgment
ECLI:EU:C:2016:282
20/04/2016 Profit Investment SIM
EUR-Lex text EUR-Lex bilingual text
Judgment (Summary)
ECLI:EU:C:2016:282
20/04/2016 Profit Investment SIM
Opinion
ECLI:EU:C:2015:274
23/04/2015 Profit Investment SIM
EUR-Lex text EUR-Lex bilingual text
Application (OJ)
23/08/2013 Profit Investment SIM
View pdf documents
Top of the page Legal analysis of the decision or of the case

Reports of Cases

published in the electronic Reports of Cases (Court Reports - general)

Subject-matter

Request for a preliminary ruling – Corte suprema di cassazione – Interpretation of Articles 5(1), 6(1) and 23(1)(a) and (c) of Council Regulation (EC) No 44/2001 of 22 December 2000 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (OJ 2001 L 12, p. 1) – Concept of irreconcilable judgments – Actions against several defendants established or resident in different Member States which do not have the same subject-matter and are liable to be determined separately – Conditions for prorogation of jurisdiction – Agreement conferring jurisdiction appearing in general rules governing the bond issue, drawn up unilaterally by one of the contracting parties and not signed by the purchaser – Concept of ‘matters relating to a contract’ – Ascertainment that there is no valid contractual relationship

Systematic classification scheme

1.
4 Internal policy of the European Union
  4.06 Area of freedom, security and justice
    4.06.02 Judicial cooperation in civil matters
      4.06.02.01 Jurisdiction, recognition and enforcement of judgments – Civil and commercial matters
4 Internal policy of the European Union
  4.06 Area of freedom, security and justice
    4.06.02 Judicial cooperation in civil matters
      4.06.02.01 Jurisdiction, recognition and enforcement of judgments – Civil and commercial matters
4 Internal policy of the European Union
  4.06 Area of freedom, security and justice
    4.06.02 Judicial cooperation in civil matters
      4.06.02.01 Jurisdiction, recognition and enforcement of judgments – Civil and commercial matters
4 Internal policy of the European Union
  4.06 Area of freedom, security and justice
    4.06.02 Judicial cooperation in civil matters
      4.06.02.01 Jurisdiction, recognition and enforcement of judgments – Civil and commercial matters


Citations of case-law or legislation

References in grounds of judgment

  • Regulation 44/2001 : paragraphs 1, 53, 54
  • Regulation 44/2001 -A02 : paragraph 63
  • Regulation 44/2001 -A02P1 : paragraph 6
  • Regulation 44/2001 -A05 : paragraphs 7, 54
  • Regulation 44/2001 -A05PT1 : paragraphs 19, 57
  • Regulation 44/2001 -A05PT1LA : paragraphs 52, 58
  • Regulation 44/2001 -A06PT1 : paragraphs 8, 19, 59, 60, 61, 65, 66, 67
  • Regulation 44/2001 -A23 : paragraphs 37, 46, 51
  • Regulation 44/2001 -A23P1 : paragraphs 9, 23, 24, 27, 32
  • Regulation 44/2001 -A23P1LA : paragraphs 19, 22, 25, 29, 51
  • Regulation 44/2001 -A23P1LC : paragraphs 19, 22, 39, 40, 50, 51
  • Regulation 44/2001 -A68P1 : paragraph 3
  • Regulation 44/2001 -C11 : paragraphs 5, 24, 62
  • Regulation 44/2001 -C12 : paragraphs 5, 61
  • Regulation 44/2001 -C15 : paragraph 61
  • Regulation 44/2001 -C2 : paragraph 4
  • Brussels Convention 1968 : paragraph 3
  • Brussels Convention 1968 -A17 : paragraph 27
  • Court of Justice - Judgment C -24/76 -N10 : paragraph 26
  • Court of Justice - Judgment C -38/81 : paragraph 54
  • Court of Justice - Judgment C -71/83 -N24 : paragraph 33
  • Court of Justice - Judgment C -214/89 -N19 : paragraph 34
  • Court of Justice - Judgment C -214/89 -N28 : paragraph 34
  • Court of Justice - Judgment C -26/91 -N10 : paragraph 53
  • Court of Justice - Judgment C -106/95 -N17 : paragraph 39
  • Court of Justice - Judgment C -106/95 -N19 : paragraph 40
  • Court of Justice - Judgment C -106/95 -N21 : paragraph 41
  • Court of Justice - Judgment C -106/95 -N23 : paragraphs 43, 44
  • Court of Justice - Judgment C -106/95 -N24 : paragraph 48
  • Court of Justice - Judgment C -159/97 -N19 : paragraph 39
  • Court of Justice - Judgment C -159/97 -N20 : paragraph 40
  • Court of Justice - Judgment C -159/97 -N21 : paragraph 40
  • Court of Justice - Judgment C -159/97 -N23 : paragraph 41
  • Court of Justice - Judgment C -159/97 -N25 : paragraph 43
  • Court of Justice - Judgment C -159/97 -N26 : paragraph 44
  • Court of Justice - Judgment C -159/97 -N27 : paragraph 45
  • Court of Justice - Judgment C -159/97 -N28 : paragraph 46
  • Court of Justice - Judgment C -159/97 -N29 : paragraph 47
  • Court of Justice - Judgment C -159/97 -N41 : paragraph 33
  • Court of Justice - Judgment C -159/97 -N43 : paragraph 48
  • Court of Justice - Judgment C -387/98 -N13 : paragraph 27
  • Court of Justice - Judgment C -387/98 -N23 : paragraph 33
  • Court of Justice - Judgment C -387/98 -N24 : paragraph 33
  • Court of Justice - Judgment C -387/98 -N25 : paragraph 33
  • Court of Justice - Judgment C -387/98 -N26 : paragraph 33
  • Court of Justice - Judgment C -387/98 -N27 : paragraph 33
  • Court of Justice - Judgment C -539/03 -N26 : paragraph 65
  • Court of Justice - Judgment C -98/06 -N36 : paragraph 62
  • Court of Justice - Judgment C -98/06 -N40 : paragraph 65
  • Court of Justice - Judgment C -98/06 -N41 : paragraph 64
  • Court of Justice - Judgment C -145/10 -N74 : paragraph 63
  • Court of Justice - Judgment C -145/10 -N77 : paragraph 61
  • Court of Justice - Judgment C -145/10 -N79 : paragraph 65
  • Court of Justice - Judgment C -145/10 -N83 : paragraph 64
  • Court of Justice - Judgment C -543/10 : paragraph 32
  • Court of Justice - Judgment C -543/10 -N25 : paragraph 23
  • Court of Justice - Judgment C -543/10 -N26 : paragraph 24
  • Court of Justice - Judgment C -543/10 -N27 : paragraph 27
  • Court of Justice - Judgment C -543/10 -N28 : paragraph 27
  • Court of Justice - Judgment C -543/10 -N34 : paragraph 33
  • Court of Justice - Judgment C -543/10 -N35 : paragraph 33
  • Court of Justice - Judgment C -543/10 -N36 : paragraph 33
  • Court of Justice - Judgment C -616/10 -N19 : paragraph 61
  • Court of Justice - Judgment C -616/10 -N20 : paragraph 62
  • Court of Justice - Judgment C -616/10 -N21 : paragraph 63
  • Court of Justice - Judgment C -616/10 -N23 : paragraph 64
  • Court of Justice - Judgment C -616/10 -N24 : paragraph 65
  • Court of Justice - Judgment C -419/11 -N45 : paragraph 53
  • Court of Justice - Opinion C -366/13 -N100 : paragraph 66
  • Court of Justice - Opinion C -366/13 -N29 : paragraph 21
  • Court of Justice - Opinion C -366/13 -N80 : paragraph 55
  • Court of Justice - Opinion C -366/13 -N95 : paragraph 66
  • Court of Justice - Opinion C -366/13 -N96 : paragraph 66
  • Court of Justice - Opinion C -366/13 -N97 : paragraph 66
  • Court of Justice - Opinion C -366/13 -N98 : paragraph 66
  • Court of Justice - Opinion C -366/13 -N99 : paragraph 66
  • Court of Justice - Judgment C -375/13 -N37 : paragraph 53

Operative part

  • Interprets : Regulation 44/2001 -A05PT1LA
  • Interprets : Regulation 44/2001 -A06PT1
  • Interprets : Regulation 44/2001 -A23
  • Interprets : Regulation 44/2001 -A23P1LA
  • Interprets : Regulation 44/2001 -A23P1LC

Opinion

  • Regulation 44/2001 : points 21 - 23
  • Regulation 44/2001 -A02 : points 29, 42
  • Regulation 44/2001 -A02P1 : points 7, 95
  • Regulation 44/2001 -A05 : points 7, 29
  • Regulation 44/2001 -A05PT1 : points 22, 31, 32, 81, 86
  • Regulation 44/2001 -A05PT1LA : points 1, 3, 5, 22, 63, 84, 87, 102, 84
  • Regulation 44/2001 -A06 : point 29
  • Regulation 44/2001 -A06P1 : points 1, 3, 6, 9, 20, 22, 27, 88, 90, 93, 95, 101, 102
  • Regulation 44/2001 -A23 : points 3, 32, 56, 102
  • Regulation 44/2001 -A23P1 : points 10, 22, 41, 47, 51
  • Regulation 44/2001 -A23P1LA : points 1, 4, 36, 38, 42, 46
  • Regulation 44/2001 -A23P1LB : point 42
  • Regulation 44/2001 -A23P1LC : points 4, 20, 36, 62, 102
  • Regulation 44/2001 -A23P2 : point 10
  • Regulation 44/2001 -CH2 : point 9
  • Regulation 44/2001 -CH2S2 : point 8
  • Regulation 44/2001 -CH2S7 : point 10
  • Regulation 593/2008 -A10P1 : point 73
  • Regulation 593/2008 -A12P1LE : point 82
  • Brussels Convention 1968 -A06PT1 : point 22
  • Brussels Convention 1968 -A16 : point 66
  • Brussels Convention 1968 -A17L1 : points 22, 41
  • Brussels Convention 1968 -A17L1LA : point 38
  • Court of Justice - Judgment C -24/76 -N10 : point 39
  • Court of Justice - Judgment C -25/76 -N12 : point 40
  • Court of Justice - Judgment C -73/77 : point 66
  • Court of Justice - Judgment C -73/77 -N22 : point 66
  • Court of Justice - Judgment C -38/81 : points 67, 72
  • Court of Justice - Judgment C -38/81 -N7 : points 67, 72
  • Court of Justice - Judgment C -38/81 -N8 : point 67
  • Court of Justice - Judgment C -71/83 : point 48
  • Court of Justice - Judgment C -71/83 -N24 : point 48
  • Court of Justice - Judgment C -71/83 -N25 : point 48
  • Court of Justice - Judgment C -71/83 -N26 : point 48
  • Court of Justice - Judgment C -221/84 -N13 : point 24
  • Court of Justice - Judgment C -189/87 : point 22
  • Court of Justice - Judgment C -214/89 : point 48
  • Court of Justice - Judgment C -214/89 -N15 : point 48
  • Court of Justice - Judgment C -214/89 -N16 : point 48
  • Court of Justice - Judgment C -214/89 -N17 : point 48
  • Court of Justice - Judgment C -406/92 : point 74
  • Court of Justice - Judgment C -406/92 -N45 : point 74
  • Court of Justice - Judgment C -106/95 -N14 : point 29
  • Court of Justice - Judgment C -106/95 -N17 : point 43
  • Court of Justice - Judgment C -106/95 -N19 : point 58
  • Court of Justice - Judgment C -106/95 -N24 : point 61
  • Court of Justice - Judgment C -269/95 -N32 : point 30
  • Court of Justice - Judgment C -159/97 -N21 : point 58
  • Court of Justice - Judgment C -159/97 -N23 : points 58, 60
  • Court of Justice - Judgment C -159/97 -N26 : point 60
  • Court of Justice - Judgment C -387/98 -N13 : point 41
  • Court of Justice - Judgment C -387/98 -N23 : point 48
  • Court of Justice - Judgment C -387/98 -N24 : point 48
  • Court of Justice - Judgment C -387/98 -N25 : point 48
  • Court of Justice - Judgment C -387/98 -N26 : point 48
  • Court of Justice - Judgment C -387/98 -N27 : point 48
  • Court of Justice - Judgment C -539/03 : point 93
  • Court of Justice - Judgment C -539/03 -N26 : point 93
  • Court of Justice - Judgment C -98/06 : point 93
  • Court of Justice - Judgment C -98/06 -N38 : point 93
  • Court of Justice - Judgment C -98/06 -N47 : point 93
  • Court of Justice - Judgment C -543/10 : points 32, 47, 54
  • Court of Justice - Judgment C -543/10 -N18 : point 22
  • Court of Justice - Judgment C -543/10 -N19 : point 22
  • Court of Justice - Judgment C -543/10 -N27 : point 41
  • Court of Justice - Judgment C -543/10 -N28 : point 41
  • Court of Justice - Judgment C -543/10 -N33 : point 47
  • Court of Justice - Judgment C -543/10 -N35 : point 54
  • Court of Justice - Judgment C -616/10 -N23 : point 91
  • Court of Justice - Judgment C -133/11 : point 74
  • Court of Justice - Judgment C -133/11 -N43 : point 74
  • Court of Justice - Judgment C -133/11 -N44 : point 74
  • Court of Justice - Judgment C -519/12 -N23 : point 24
  • Court of Justice - Judgment C -548/12 -N19 : point 22
  • Court of Justice - Judgment C -45/13 -N21 : point 24
  • Court of Justice - Judgment C -45/13 -N22 : point 24
  • Court of Justice - Judgment C -112/13 -N50 : point 23
  • Court of Justice - Judgment C -375/13 : point 51


Dates

Date of the lodging of the application initiating proceedings

  • 01/07/2013

Date of the Opinion

  • 23/04/2015

Date of the hearing

Information not available

Date of delivery

20/04/2016


References

Publication in the Official Journal

Judgment: OJ C 211 from 13.06.2016, p.3

Application: OJ C 260 from 07.09.2013, p.30

Name of the parties

Profit Investment SIM

Notes on Academic Writings

  1. Idot, Laurence: Prorogation de compétence et clause insérée dans un prospectus d'émission de titres, Europe 2016 Juin Comm. nº 6 p.39-40 (FR)
  2. Nourissat, Cyril: Validité et opposabilité d'une clause attributive stipulée dans un prospectus financier, Procédures 2016 nº 6 p.21-22 (FR)
  3. Delikostopoulos, Ioannis St.: Epitheorisi Politikis Dikonomias 2016 p.103-109 (EL)
  4. Müller, Michael: Internationale Zuständigkeit bei Streitig­keiten im Zusammenhang mit Emissionsprojekten, Europäische Zeitschrift für Wirtschaftsrecht 2016 p.419-427 (DE)
  5. Mankowski, Peter: Zu Gerichtsstandsklausel in Emissionsprospekt von Schuldverschreibungen („Profit Investment SIM“), Entscheidungen zum Wirtschaftsrecht 2016 p.547-548 (DE)
  6. Strikwerda, L.: Nederlandse jurisprudentie ; Uitspraken in burgerlijke en strafzaken 2016 Afl.48 p.6205-6208 (NL)
  7. Corneloup, Sabine: Investor Issuer Disputes under the Brussels I Regulation. The ECJ Profit Investment Sim Ruling on Enforceability of Jurisdiction Clauses, Revue Internationale des Services Financiers 2016 nº 3 p.24-29 (EN)
  8. Welling-Steffens, Lilian: Bindt een forumkeuzebeding opgenomen in een prospectus opvolgend obligatiehouders?, Ondernemingsrecht 2016 p.595-598 (NL)
  9. Penasa, Luca: Corte di giustizia : decisioni in materia di giurisdizione, Il Corriere giuridico 2016 p.117-119 (IT)
  10. Kleiner, Caroline: Clause attributive de juridiction (ou clause d'élection de for) (Règl. Bruxelles I, art. 23). – Marchés financiers. – Clause d'élection de for insérée dans un prospectus. – Validité en la forme de la clause. – Forme écrite. – Usage du commerce international. – Opposabilité de la clause aux investisseurs., Journal du droit international 2017 p.585-601 (FR)
  11. Melcher, Martina: Zur Drittwirkung von Gerichtsstandsvereinbarungen nach der EuGVVO nF, Zeitschrift für das Privatrecht der Europäischen Union - GPR 2017 p.246-255 (DE)



Procedural Analysis Information

Source of the question referred for a preliminary ruling

Corte suprema di cassazione - Italy

Subject-matter

  • area of freedom, security and justice
  • - Judicial cooperation in civil matters

Provisions of national law referred to

codice di procedura civile, art. 41 codice civile, art. 2901, 2497

Provisions of international law referred to

Information not available

Procedure and result

  • Reference for a preliminary ruling

Formation of the Court

première chambre (Cour)

Judge-Rapporteur

Rodin

Advocate General

Bot

Language(s) of the Case

  • Italian

Language(s) of the Opinion

  • French