Judgment of the Court of First Instance (Second Chamber) of 12 September 2007 – Commission v Internet Commerce Network and Dane-Elec Memory
(Case T-184/06)
Arbitration clause – Contract concluded in the framework of a special programme in the field of information society technologies (Crossmarc project) – Non-performance of the contract – Repayment of the advance paid by the Community – At-first-demand guarantee of the contractual obligations – Default procedure
Procedure – Referral to the Court of First Instance under an arbitration clause (see paras 25-29, 31-36)
Re:
| ACTION, based on an arbitration clause, for an order that the defendants repay the amount of the advance paid by the Community, and interest for late payment, following the non-performance of Contract No 2000-25366 concluded in the framework of a special programme for research, technological development and demonstration in the field of information society technologies (IST) (1998-2002) concerning the Crossmarc project (Cross-lingual Multi Agent Retail Comparison). |
Operative part
The Court:
1. | | Orders Dane-Elec Memory to pay to the Commission of the European Communities the principal sum of EUR 55 878 with interest thereon: |
– at the annual rate of 4.75% from 16 March 2004 to 31 December 2005;
– at the annual rate of 5% from 1 January to 31 December 2006;
– at the annual rate of 5.25% from 1 January 2007 until the debt is paid in full;
2. | | Decides that there is no need to adjudicate on the claim against Internet Commerce Network; |
3. | | Orders Dane-Elec Memory to bear its own costs and pay those incurred by the Commission; |
4. | | Orders Internet Commerce Network to bear its own costs. |