– Legitimacy of compound interest – Judicial Competition Training

14 July, 2021

Distinction between default interest and compensatory interest. Default interest shall be paid from the date on which the fine at issue was repaid and not from the date of delivery of that judgment until full payment by the Commission. Compound interest compensate for the loss of enjoyment, during the period from the date on which the actor brought its action until the date of delivery of the judgment under appeal, of the amount of interest which it was entitled, in accordance with Article 266 TFEU.(JIRP)

Judgment of the Court (Fourth Chamber) of 20th January 2021, in Case C-301/19 P. European Commission v Printeos, SA. ECLI identifier: ECLI:EU:C:2021:39 Multilingual version at https://eur-lex.europa.eu/legal-content/en/TXT/?uri=CELEX:62019CJ0301 […]

14 July, 2021

Distinction between default interest and compensatory interest. Default interest shall be paid from the date on which the fine at issue was repaid and not from the date of delivery of that judgment until full payment by the Commission. Compound interest compensate for the loss of enjoyment, during the period from the date on which the actor brought its action until the date of delivery of the judgment under appeal, of the amount of interest which it was entitled, in accordance with Article 266 TFEU.(JIRP)