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Case T-200/18: Order of the General Court of 21 July 2022 — Fersher Developments and Lisin v Commission and ECB (Action for damages — Economic and monetary policy — Stability support programme for Cyprus — Memorandum of Understanding of 26 April 2013 on Specific Economic Policy Conditionality concluded between Cyprus and the European Stability Mechanism — Jurisdiction of the General Court — Sufficiently serious breach of a rule of law conferring rights on individuals — Equal treatment — Principle of proportionality — Action manifestly lacking any foundation in law)
ECLI:EU:UNKNOWN:62018TB0200
62018TB0200
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19.9.2022
Official Journal of the European Union
C 359/71
(Case T-200/18) (*)
(Action for damages - Economic and monetary policy - Stability support programme for Cyprus - Memorandum of Understanding of 26 April 2013 on Specific Economic Policy Conditionality concluded between Cyprus and the European Stability Mechanism - Jurisdiction of the General Court - Sufficiently serious breach of a rule of law conferring rights on individuals - Equal treatment - Principle of proportionality - Action manifestly lacking any foundation in law)
(2022/C 359/88)
Language of the case: English
Parties
Applicants: Fersher Developments LTD (Nicosia, Cyprus), Vladimir Lisin (Lipetsk, Russia) (represented by: R. Nowinski, lawyer)
Defendants: European Commission (represented by: L. Flynn, T. Materne and S. Delaude, acting as Agents), European Central Bank (represented by: O. Heinz, P. Papapaschalis, G. Várhelyi and M. Szablewska, acting as Agents, and by H.-G. Kamann, lawyer)
Re:
By their action under Article 268 TFEU, the applicants seek compensation for the damage they claim to have suffered as a result of the decision of the Commission and the European Central Bank (ECB) to make the grant of a financial assistance facility to the Republic of Cyprus subject to certain conditions.
Operative part of the order
1.The action is dismissed.
2.Fersher Developments LTD and Mr Vladimir Lisin shall pay the costs.
(*)
Language of the case: English
(1) OJ C 211, 18.6.2018.