Judgment of the General Court (Eighth Chamber) of 3 March 2011.#Caixa Geral de Depósitos, SA v European Commission.#ERDF - Reduction of financial assistance - Global grant for local development in Portugal - Action for annulment - Whether directly concerned - Inadmissibility - Arbitration clause.#Case T-401/07.

Subject of the case

Re:

ACTION for partial annulment of Commission Decision C(2007) 3772 of 31 July 2007 reducing the financial assistance granted by the European Regional Development Fund (ERDF) to the global grant for local development in Portugal by Commission Decision C(95) 1769 of the European Commission of 28 July 1995, and a claim for an order against the Commission to pay the final balance of the financial assistance under Article 238 EC.

Operative part

Operative part

The Court:

1. Dismisses the action as inadmissible;

2. Orders the Caixa Geral de Depósitos, SA to bear its own costs and to pay those of the European Commission;

3. Orders the Republic of Portugal to bear its own costs.