Ferriere Nord SpA v Commission of the European Communities (T-153/04)

Judgment of 27 Sept 2006

law://eu/cjeu/2004/t-153-04/para_27@2026-11-15

27In that regard, considering the Commission's line of argument artificial and devoid of any legal basis, the applicant disputes the contention that Article 4 of Regulation No 2988/74 does not apply to the present case. It argues in particular that, according to case-law, the obligation to provide a bank guarantee is accessory, in the sense that the creditor cannot bring proceedings against the guarantor unless the debt covered by the guarantor is payable (Case C-266/01 Préservatrice foncière TIARD [2003] ECR I-4867, paragraph 29).

Ferriere Nord SpA v Commission of the European Communities (T-153/04)

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