Judgment of the General Court of 7 July 2010 - Commission v Hellenic Ventures and Others
(Arbitration clause - Action for the creation and development of seed-capital funds - Termination of the contract - Action against the members of a company - Inadmissibility - Reimbursement of advances - Interest)
Language of the case: Greek
Parties
Applicant: European Commission (represented by: M. Patakia, acting as Agent, and S. Khatzigiannis, lawyer)
Defendants: Hellenic Ventures - Elliniki Etairia Epikheirimatikis Protovoulias AE (Athens, Greece); Konstantinos Katsigiannis (Athens); Panagiotis Khronopoulos (Athens); and Nikolaos Poulakos (Athens) (represented by: V. Khristianos and V. Vlassi, lawyers)
Re:
Action under Article 238 EC by which the Commission seeks an order that the defendants reimburse an advance paid under a contract entitled 'Seed Fund 601', concluded between the Commission and the defendant company
Operative part of the judgment
The Court:
Orders Hellenic Ventures - Elliniki Etairia Epikheirimatikis Protovoulias AE to pay the European Commission the sum of EUR 70 000, together with late-payment interest calculated at the Belgian statutory rate from 25 April 1999 until payment in full of the debt;
Dismisses the remainder of the action;
Orders Hellenic Ventures to pay the costs, with the exception of those incurred by Konstantinos Katsigiannis, Panagiotis Khronopoulos, and Nikolaos Poulakos;
Orders the Commission to pay the costs of Konstantinos Katsigiannis, Panagiotis Khronopoulos, and Nikolaos Poulakos.
____________1 - OJ C 86, 8.4.2006.