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CJEU - Joined Cases C-81/15 P, C-9/14 P / Opinion

Ledra Advertising Ltd and Others v. European Commission and European Central Bank (ECB)

Policy area:
Economic and monetary affairs
Deciding Body type:
Court of Justice of the European Union
Deciding Body:
Advocate General
Type:
Opinion
Decision date:
21/04/2016

Key facts of the case:

Appeals — European stability mechanism — Stability support programme for Cyprus — Memorandum of Understanding on Specific Economic Policy Conditionality concluded between the Republic of Cyprus and European Central Bank (ECB), the International Monetary Fund (IMF) and the European Commission — Actions for compensation and annulment — Obligations of the Commission

Results (sanctions) and key consequences of the case:

  1. Having regard to all the above considerations, I propose that the Court:

    – dismiss the appeals;
    – order Ledra Advertising Ltd to pay the costs relating to Case C‑8/15 P both at first instance and on appeal;
    – order Andreas Eleftheriou, Eleni Eleftheriou and Lilia Papachristofi to pay the costs relating to Case C‑9/15 P both at first instance and on appeal; and
    – order Christos Theophilou and Eleni Theophilou to pay the costs relating to Case C‑10/15 P both at first instance and on appeal.