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The Paris Administrative Tribunal confirms the principle of restitution for an incompatible State aid following a decision of the European Commission (Boussac Saint Frères)

Between June 1982 and August 1984, the French State granted financial support to Boussac Saint Frères, a company active in the textile and clothing sector. These financial contributions took the form of (i) a participation in the capital of the company by the Institut de développement industriel (Institute of industrial development), which was then transferred to the Société de participation et de restructuration industrielle (Company for participation and industrial reorganization), (ii) loans at low rates and (iii) reductions of social contributions as measures contained in a plan of public assistance to the textile and clothing sector. The total amount of the

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Author

  • Schmitt Avocats (Paris)

Quotation

Elias Berkani, The Paris Administrative Tribunal confirms the principle of restitution for an incompatible State aid following a decision of the European Commission (Boussac Saint Frères), 16 February 1994, e-Competitions February 1994, Art. N° 13760

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