The European Commission explains that a private investor may consider a possible damage of its reputation from laying off workers but the damage has to be quantified (SNCM)

ii) SNCM* In 8 July 2008, the Commission took the view that certain measures in favour of Société Nationale Maritime Corse-Méditerranée [SNCM] did not constitute State aid and certain other aid measures were compatible with the internal market. The 2008 decision was partially annulled in September 2012 by the General Court in its judgment in case T-565/08, Corsica Ferries v European Commission. The General Court held that the Commission’s analysis of restructuring funding of SNCM should be reviewed because it erroneously concluded that it was free of aid. Only the aid for compensation of SNCM’s public service obligations was not annulled. Consequently, Commission had to re-open the case and re-assess the measures which concerned: i) the negative price of EUR 158 million on the sale of

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Phedon Nicolaides, The European Commission explains that a private investor may consider a possible damage of its reputation from laying off workers but the damage has to be quantified (SNCM), 12 December 2014, e-Competitions Bulletin December 2014, Art. N° 71707

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