The EU General Court annuls a State aid decision of the Commission concerning the food production sector in Romania (Micula)

On 18 June 2019, the General Court of the European Union (the “General Court”) handed down its long-awaited judgment in the Micula case (Cases T-624/15, T-694/15 and T-704/15, European Food and Others v Commission, EU:T:2019:423). The case finds its origins in the investment made by the Miculas, two investors of Swedish nationality, in the food production sector in Romania in the 1990s. At the time of investment, they made use of numerous tax incentives which Romania had put in place in order to attract foreign investment. In 2005, as Romania prepared to accede to the European Union, the tax incentives were revoked in an effort to conform to EU law on state aid. The Miculas then instituted ICSID proceedings against Romania based on the Romania-Sweden Bilateral Investment Treaty,

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

  • Van Bael & Bellis (Brussels)

Quotation

Markus Wellinger, The EU General Court annuls a State aid decision of the Commission concerning the food production sector in Romania (Micula), 18 June 2019, e-Competitions Bulletin June 2019, Art. N° 91040

Visites 238

All issues

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