The EU Court of Justice provides further guidance as to whether restructuring aid granted pre-accession represents “existing aid” in the meaning of Article 1 of Regulation 659/1999 (Kremikovtzi)

The European Court of Justice (the "ECJ") ruled that restructuring measures implemented prior to a Member State's accession to the European Union may not be considered to constitute "existing aid" in the meaning of Article 1(b) of Regulation 659/1999 [1] since they were not applicable after accession. 1. Background Kremikovtzi AD is a Bulgarian steel processor and manufacturer. The company used to be State-owned until

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Dessislava Fessenko, The EU Court of Justice provides further guidance as to whether restructuring aid granted pre-accession represents “existing aid” in the meaning of Article 1 of Regulation 659/1999 (Kremikovtzi), 29 November 2012, e-Competitions November 2012, Art. N° 51094

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