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Judgment of the General Court (Seventh Chamber) of 7 July 2010. # European Commission v Hellenic Ventures - Elliniki Etaireia Epicheirimatikis Protovoulias AE 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. # Case T-44/06.
ECLI:EU:T:2010:284
62006TJ0044
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(Case T-44/06)
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
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
The Court:
1.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;
2.Dismisses the remainder of the action;
3.Orders Hellenic Ventures to pay the costs, with the exception of those incurred by Konstantinos Katsigiannis, Panagiotis Chronopoulos, and Nikolaos Poulakos;
4.Orders the Commission to pay the costs of Konstantinos Katsigiannis, Panagiotis Chronopoulos, and Nikolaos Poulakos.