Judgment of the General Court of 24 November 2010 - Commission v Irish Electricity Generating
(Arbitration clause - Contract concluded in the framework of a specific programme for research and technological development, including demonstration, in the field of non-nuclear energy (1994 to 1998) - Non-performance of the contract - Reimbursement of the sums advanced - Late-payment interest - Procedure by default)
Language of the case: English
Parties
Applicant: European Commission (represented by: A.-M. Rouchaud-Joët and F. Mirza, Agents, and by U. O'Dwyer and A. Martin, Solicitors)
Defendant: Irish Electricity Generating Co. Ltd (Waterford, Ireland)
Re:
Application under an arbitration clause seeking an order that Irish Electricity Generating Co. Ltd repay the sum of EUR 180 664.70 corresponding to part of the advances paid to it by the Commission under contract No WE/178/97/IE/GB, together with late-payment interest
Operative part of the judgment
The Court:
Orders Irish Electricity Generating Co. Ltd to repay to the European Commission the sum of EUR 180 664.70, together with late-payment interest:
at the rate of 5.56% per annum from 25 August 2003 to the date of the present judgment;
at the annual rate applied under Irish law, that is to say, currently section 26 of the Debtors (Ireland) Act, 1840, as amended, up to a rate of 5.56% per annum from the date of the present judgment until full clearance of the debt;
Orders Irish Electricity Generating Co. Ltd to pay the costs.
____________1 - OJ C 256, 24.10.2009.