The EU General Court confirms that the Commission enjoys a large margin of discretion in determining the compatibility of restructuring aid (ABN Amro Group)

* Article published on Lexxion State Aid Blog (click here), republished in e-Competitions with the courtesy of the author. The original title of this article appears below the e-Competitions title. Authors are welcome to write an alternative article on this case/text, provided they have no relationships with a party or related third party. Article will need e-Competitions Board approval before publication.

Two Judgments: a) Unlimited State Guarantees and b) The Discretion of the Commission in Restructuring Measures* Main points Unlimited state guarantees are never compatible with the internal market The existence of an unlimited guarantee and its benefits can be inferred from the relevant legal context in which the state assumes certain obligations towards creditors The Commission may impose both structural and behavioural remedies on recipients of restructuring aid These remedies may cover sectors other than the main sector in which the aid recipient operates Remedies may extend beyond the period in which the restructuring plan is implemented Introduction This article reviews two recent judgments. The first deals with unlimited state guarantees that were implicitly granted to the

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Phedon Nicolaides, The EU General Court confirms that the Commission enjoys a large margin of discretion in determining the compatibility of restructuring aid (ABN Amro Group), 8 April 2014, e-Competitions Bulletin April 2014, Art. N° 65571

Visites 170

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues