Vnesheconombank v Council (Order) French Text [2017] EUECJ T-737/14_CO (28 September 2017)

Vnesheconombank v Council (Order) French Text [2017] EUECJ T-737/14_CO (28 September 2017)

The applicant failed to establish urgency as required for interim relief. The alleged harm was pecuniary and not shown to be irreparable or to threaten the applicant's viability. No sufficient evidence was provided to demonstrate imminent, serious, and irreparable harm. The application was therefore rejected without...

Source-derived case information.

Citation
[2017] EUECJ T-737/14_CO
Parties
Applicant: Bank for Development and Foreign Economic Affairs (Vnesheconombank); Respondent: Council of the European Union; Intervener: European Commission
Jurisdiction
European Union
Procedural Posture
Interim Relief (référé) Application in Annulment Proceedings / Order on Interim Measures (application for Suspension of Execution)
Outcome
Application for interim measures rejected.
Legal Topics
Interim Measures, Urgency Requirement, Restrictive Measures Against Russia, Financial Sanctions, Burden of Proof in Interim Relief
European Union Law International Sanctions Administrative Law Interim Measures Urgency Requirement Restrictive Measures Against Russia Financial Sanctions Burden of Proof in Interim Relief

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Parties

Bank for Development and Foreign Economic Affairs (Vnesheconombank)

Applicant

Council of the European Union

Respondent

European Commission

Intervener

Procedural Posture

Interim Relief (référé) Application in Annulment Proceedings / Order on Interim Measures (application for Suspension of Execution)

  1. 1 Whether the applicant demonstrated urgency justifying suspension of restrictive measures
  2. 2 Whether the applicant established risk of serious and irreparable harm

Ratio Decidendi

The applicant failed to establish urgency as required for interim relief. The alleged harm was pecuniary and not shown to be irreparable or to threaten the applicant's viability. No sufficient evidence was provided to demonstrate imminent, serious, and irreparable harm. The application was therefore rejected without examining fumus boni juris or balancing of interests.

Court Disposition

Application for interim measures rejected.

Orders

  • The application for interim relief is rejected.
  • Costs are reserved.