The EU General Court partly annuls EU Commission decision on restructuring aid granted to a bank on account of the financial crisis (ING)

On 2 March 2012, the General Court (“GC”) has partly upheld ING’s appeal against a Commission decision of 2009 regarding various forms of aid granted by the Dutch State to the banking group ING in the context of the latter’s restructuring plan during the financial crisis. The ING group had benefited from three state aid measures implemented by the Dutch government during the financial crisis in 2008: (i) a capital injection of € 10 billion via hybrid securities without voting rights or dividend entitlement to which the Dutch State fully

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Markus Wellinger, The EU General Court partly annuls EU Commission decision on restructuring aid granted to a bank on account of the financial crisis (ING), 2 March 2012, e-Competitions Bulletin Financial services, Art. N° 58392

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