Judgment of the Court (Grand Chamber) of 20 September 2016

Ledra Advertising Ltd and Others v European Commission and European Central Bank (ECB)

Appeals — Stability support programme for the Republic of Cyprus — Memorandum of Understanding of 26 April 2013 on Specific Economic Policy Conditionality concluded between the Republic of Cyprus and the European Stability Mechanism (ESM) — Duties of the European Commission and the European Central Bank — Non-contractual liability of the European Union — Second paragraph of Article 340 TFEU — Conditions — Obligation to ensure that the Memorandum of Understanding is consistent with EU law

Joined Cases C-8/15 P to C-10/15 P


Top of the page Documents in the Case
Document Date Name of the parties Subject-matter Curia EUR-Lex Autres Liens
Order
ECLI:EU:C:2017:1023		 20/12/2017 Ledra Advertising v Commission and ECB
Economic and monetary policy
  • Economic and monetary policy
Available in :
EUR-Lex text EUR-Lex bilingual text
Judgment (OJ)
28/10/2016 Ledra Advertising v Commission and ECB
Economic and monetary policy
  • Economic and monetary policy
View pdf documents
Judgment
ECLI:EU:C:2016:701		 20/09/2016 Ledra Advertising v Commission and ECB
Economic and monetary policy
  • Economic and monetary policy
EUR-Lex text EUR-Lex bilingual text
Judgment (Summary)
ECLI:EU:C:2016:701		 20/09/2016 Ledra Advertising v Commission and ECB
Economic and monetary policy
  • Economic and monetary policy
EUR-Lex text EUR-Lex bilingual text
Application (OJ)
30/04/2015 Ledra Advertising v Commission and ECB
Economic and monetary policy
  • Economic and monetary policy
View pdf documents
Opinion
ECLI:EU:C:2016:290		 21/04/2016 Ledra Advertising v Commission and ECB
Economic and monetary policy
  • Economic and monetary policy
EUR-Lex text EUR-Lex bilingual text
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

Information not available

Systematic classification scheme

1.
-
3 Legal proceedings
  3.10 Appeals
    3.10.03 Grounds of appeal
      3.10.03.02 Issues relating to the admissibility of the pleas
        3.10.03.02.03 Repetition of pleas in law and arguments put forward at first instance
-
4 Internal policy of the European Union
  4.12 Economic and monetary policy
    4.12.01 Economic policy
-
2 Institutional framework of the European Union
  2.01 Institutions
    2.01.04 European Commission
-
4 Internal policy of the European Union
  4.12 Economic and monetary policy
    4.12.01 Economic policy
-
2 Institutional framework of the European Union
  2.01 Institutions
    2.01.04 European Commission
-
4 Internal policy of the European Union
  4.12 Economic and monetary policy
    4.12.01 Economic policy
-
1 The legal order of the European Union
  1.04 Fundamental rights
    1.04.03 The fundamental rights
      1.04.03.17 Right to property
-
4 Internal policy of the European Union
  4.12 Economic and monetary policy
    4.12.01 Economic policy


Citations of case-law or legislation

References in grounds of judgment

Operative part

Opinion


Dates

Date of the lodging of the application initiating proceedings

  • 09/01/2015

Date of the Opinion

  • 21/04/2016

Date of the hearing

Information not available

Date of delivery

20/09/2016


References

Publication in the Official Journal

Judgment: OJ C 419 from 14.11.2016, p.10

Application: OJ C 171 from 26.05.2015, p.7

Name of the parties

Ledra Advertising v Commission and ECB

Notes on Academic Writings

  1. Berlin, Dominique: Hétérogénéité institutionnelle, orthodoxie juridique, La Semaine Juridique - édition générale 2016 nº 39 p.1755 (FR)
  2. Gundel, Jörg: Kein Schadenersatz wegen der Rolle der Kommission bei der Stabilitätshilfe für Zypern, Neue juristische Wochenschrift 2016 p.3294-3295 (DE)
  3. Wieser, Nikolaus: Austeritätsmaßnahmen auf dem grundrechtlichen Prüfstand, Juridikum : Zeitschrift im Rechtsstaat 2016 p.417-419 (DE)
  4. Simon, Denys: Contrôle juridictionnel des mesures prises dans le cadre de l'Eurogroupe et le MES à l'occasion de la restructuration du système bancaire de la République chypriote, Europe 2016 Novembre Comm. nº 11 p.45-46 (FR)
  5. Takis, Athanasios: Armenopoulos 2016 p.1989-1993 (EL)
  6. Nettesheim, Martin: Unionaler Grundrechtsschutz vor Austeritätspolitik?, Europäische Zeitschrift für Wirtschaftsrecht 2016 p.801-802 (DE)
  7. Nettesheim, Martin: Unionaler Grundrechtsschutz vor Austeritätspolitik?, Europäische Zeitschrift für Wirtschaftsrecht 2016 p.801-802 (DE)
  8. Spagnolo, Andrea: The Loan of Organs between International Organizations as a "Normative Bridge": Insights from Recent EU Practice, The Italian Yearbook of International Law 2016 p.171-190 (EN)
  9. Ehlers, Dirk: Europarecht - Zur Rechtsbindung der Unionsorgane bei Handlungen im Rahmen des ESM und zur Möglichkeit von Schadensersatzansprüchen bei Verletzung von Unionsgrundrechten, Juristenzeitung 2017 p.43-45 (DE)
  10. Timmermans, Jolien: “Het Hof van Justitie licht de rechtsbescherming in het kader van het ESM toe”, Tijdschrift voor bestuurswetenschappen en publiekrecht 2017 p.32-34 (NL)
  11. Vezzani, Simone: Sulla responsabilità extracontrattuale dell'Unione Europea per violazione della Carta dei diritti fondamentali : riflessioni in margine alla sentenza della Corte di giustizia nel caso Ledra Advertising, Rivista di diritto internazionale 2017 p.154-161 (IT)
  12. Hojnik, Janja: Odgovornost Evropske komisije in ECB za posledice varčevalnih ukrepov, Davčno-finančna praksa : davki, finance, zavarovalnistvo 2017 n° 2 p.23-27 (SL)
  13. Germain, Jérôme: La protection par l'Union européenne des droits fondamentaux contre les programmes d'ajustement macroéconomiques, Revue de l'Union européenne 2017 n° 606 p.166-170 (FR)
  14. Frenz, Walter: Nichtigkeitsklage unzulässig, Schadensersatzklage zulässig?! Zur Bedeutung der Grundrechte bei internem Unionshandeln - Anmerkung zu den Urteilen des EuGH v. 20. September 2016 - C-105-109/15 P (Mallis/Kommission und EZB) und C-8-10/15 P (Ledra/Kommission und EZB), Europarecht 2017 p.332-340 (DE)
  15. Bronzini, Giuseppe: Corte di giustizia : verso la sindacabilità delle misure di austerity ?, Rivista italiana di diritto del lavoro 2017 1 p.220-226 (IT)
  16. Dermine, Paul: The end of impunity? The legal duties of "borrowed" EU institutions under the European stability mechanism framework, European Constitutional Law Review 2017 Vol. 13 p.369-382 (EN)
  17. Repasi, René: Judicial protection against austerity measures in the euro area: Ledra and Mallis, Common Market Law Review 2017, Volume 54, Issue 4, p. 1123-1155 (EN)
  18. Lindenbergh, S.D.: Hogere voorziening. Programma ter ondersteuning van de stabiliteit van de Republiek Cyprus. Memorandum van overeenstemming inzake specifieke economische beleidsvoorwaarden dat op 26 april 2013 tussen de Republiek Cyprus en het Europese Stabiliteitsmechanisme (ESM) is gesloten. Functies van de Europese Commissie en de Europese Centrale Bank. Niet-contractuele aansprakelijkheid van de Europese Unie. Art. 340 tweede alinea VWEU. Voorwaarden. Verplichting om erop toe te zien dat dit memorandum van overeenstemming verenigbaar is met het Unie-recht, Nederlandse jurisprudentie ; Uitspraken in burgerlijke en strafzaken 2017 nº 41 p.5445-5447 (NL)
  19. Poulou, Anastasia: The Liability of the EU in the ESM framework, Maastricht Journal of European and Comparative Law 2017 p.127-139 (EN)
  20. Donati, Iacopo: L'incerto bilanciamento dei diritti degli azionisti e dei creditori nella capitalizzazione forzosa dei crediti, Rivista di diritto societario 2017 p.1104-1126 (IT)
  21. Vial, Claire: III. Droits fondamentaux - Cour de justice, gde ch., 20 septembre 2016, Ledra avdertising c/ Commission et BCE, aff. jtes C-8/15 P à C-10/15 P, ECLI:EU:C:2016:701, Jurisprudence de la CJUE 2016. Décisions et commentaires (Ed. Bruylant - Bruxelles) 2017, p. 104-112 (FR)
  22. Martucci, Francesco: XXIV. Union économique et monétaire - Cour de justice, gde ch., 20 septembre 2016, Ledra Advertising Ltd e.a. c/ Commission européenne et Banque centrale européenne (BCE), aff. jtes C-8/15 P à C-10/15 P, ECLI:EU:C:2016:701, Jurisprudence de la CJUE 2016. Décisions et commentaires (Ed. Bruylant - Bruxelles) 2017, p. 856-867 (FR)
  23. Laulhé Shaelou, Stéphanie ; Karatzia, Anastasia: Some Preliminary Thoughts on the Cyprus Bail-in Litigation: A Commentary on Mallis and Ledra, European Law Review 2018 p.249-268 (EN)
  24. Pavlopoulos, Prokopios: La faille normative du droit de l'Union européenne quant à la conclusion et la mise en oeuvre des protocoles d'accord : commentaires des arrêts de la Cour de justice de l'Union européenne, Pringle (C-370/12), Ledra Advertising (C-8/15 P), Mallis (C-105-15), Mélanges en l'honneur de Bernard Pacteau. Cinquante ans de contentieux publics 2018 (FR)



Procedural Analysis Information

Source of the question referred for a preliminary ruling

Information not available

Subject-matter

  • Economic and monetary policy

Provisions of national law referred to

Information not available

Provisions of international law referred to

Information not available

Procedure and result

  • Actions for annulment
  • Action for damages
  • Appeals : application granted

Formation of the Court

grande chambre (Cour)

Judge-Rapporteur

Arabadjiev

Advocate General

Wahl

Language(s) of the Case

  • English

Language(s) of the Opinion

  • English