Summary:
When a hotkey is bound to ALT + `, pressing ALT + ` does not do anything.

(The game will let you bind this key combination, and the in-game UI will display the binding as well)

Repro:
1) Bind a hotkey to ALT + `
2) Load into game and press ALT + `

Result:
Nothing

Expected result:
The action you bound to ALT + `