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ECJ ruling on financial corrections - Leśny i Wspólnicy Law Firm

ECJ ruling on financial corrections

On 16 July 2016 the Court of Justice of the European Union passed a judgment setting out the terms of carrying out financial corrections to projects executed with the involvement of European Union grants (case ref. C – 406/14). The Court stated in that judgment, which is important for the EU grant accounting practice, that not every infringement of the Polish public procurement law would justify a financial correction. Such an infringement, or irregularity, must cause a financial loss to the European Union budget. Moreover, the EU court disputed the applicability of the tariffs used by the Polish public authorities to determine the correction amounts.