NGOs under European Convention on Human Rights / Tymofeyeva

the European Central Bank. To be precise, the amount corresponds to the marginal lending rate of the ECB during the default period of non-compliance with the judgment plus three percentage points . The detailed information on the ECB rated may be found on the official web pages of the bank – http://www.ecb.int/home/html/ index.en.html. 1452 If this rate has changed during the default period, the calculation is to be made on the basis of the various rates applicable during that time. The author of the book conducted a small research on the changes in rates of the default interest since the millennium. The results showed that until 2002, the Court made awards on the basis of simple interest at an annual rate. 1453 Since 2003, it has constantly used a formulation including the marginal lending rate of the European Central Bank. 1454 Research has also shown that the default interest in both cases was always increased on plus three percentage points. 1455 In some cases, at the beginning of the year 2000, the Court, however, did not include these additional safeguards. 1456 In any case, a default interest is determined in the judgment delivered by the Court. The terms of payment, it cannot be modified unilaterally and is binding on the state without exception. However, in very specific situations, terms of payment differing from those provided for in the judgment have been accepted, so long as the parties have agreed to it; for example, a different payment destination or currency. This leads to the need to also describe in a brief some other aspects of just satisfaction awards. 3.2.4.1 Currency Practically from the very beginning, the Court determined just satisfaction not only in the respondent state’s national currency, but in other currencies as well. The reasons were different. For instance, this occurred where the applicants had incurred costs in ‘foreign’ currency, or they were living outside the respondent state, or wanted to protect themselves against the consequences of significant inflation or depreciation of the national currency. A very colourful example is the case of Stran Greek Refineries and Stratis Andreadis v. Greece , where four currencies were used in the judgment: “… the respondent State is to pay to the applicants, within three months: (a) for pecuniary damage: 116,273,442 (one hundred and sixteen million two hundred and seventy-three thousand four hundred and forty two) drachmas, 16,054,165 (sixteen million fifty-four thousand one hundred and sixty-five) US dollars and 614,627 (six hundred and fourteen thousand six hundred and twenty-seven) French francs, plus simple interest at 6% from 27 February 1984 1452 On 8 March 2015 the ECB marginal lending facility constituted 0.30%. 1453 Metropolitan Church of Bessarabia, cited above. 1454 Associated Society of Locomotive Engineers and Firemen (ASLEF), cited above; Sylenok and Tekhnoservis Plus , cited above , and Jehovas Zeugen in Österreich, cited above. 1455 Sovtransavto Holding (just satisfaction), cited above, and East West Alliance Limited, cited above. 1456 News Verlags GmbH & Co.KG, cited above. 3.2.4 Some other aspects of payment of just satisfaction

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