Fersher Developments and Lisin v Commission and ECB (Order (Information) French Text [2022] EUECJ T-200/18 (21 July 2022)

Fersher Developments and Lisin v Commission and ECB (Order (Information) French Text [2022] EUECJ T-200/18 (21 July 2022)

The applicants failed to establish a sufficiently serious breach of a rule of law conferring rights on individuals, failed to prove damage and causal link, and the restructuring measures did not violate the principles of equality or proportionality. The action was manifestly unfounded in law.

Citation
[2022] EUECJ T-200/18
Parties
Applicant: Fersher Developments LTD; Applicant: Vladimir Lisin; Respondent: Commission; Respondent: European Central Bank (ECB)
Jurisdiction
European Union
Judgment Date
21 July 2022
Procedural Posture
Action for Damages (recours En Indemnité) / Order on Admissibility and Merits
Outcome
action dismissed
Legal Topics
Non Contractual Liability of EU Institutions, Stability Support Programme for Cyprus, Principle of Equality, Principle of Proportionality
European Union Law Economic and Monetary Policy Non Contractual Liability of EU Institutions Stability Support Programme for Cyprus Principle of Equality Principle of Proportionality

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Parties

Fersher Developments LTD

Applicant

Vladimir Lisin

Applicant

Commission

Respondent

European Central Bank (ECB)

Respondent

Procedural Posture

Action for Damages (recours En Indemnité) / Order on Admissibility and Merits

Legal Issues

  1. 1 Whether the Commission and ECB are liable for damages allegedly caused in the execution of tasks under the European Stability Mechanism Treaty
  2. 2 Whether there was a sufficiently serious breach of a rule of law conferring rights on individuals
  3. 3 Whether the principles of equality and proportionality were violated

Ratio Decidendi

The applicants failed to establish a sufficiently serious breach of a rule of law conferring rights on individuals, failed to prove damage and causal link, and the restructuring measures did not violate the principles of equality or proportionality. The action was manifestly unfounded in law.

Court Disposition

action dismissed

Orders

  • The action is rejected.
  • Fersher Developments LTD and Vladimir Lisin are ordered to pay the costs.