The EU Commission orders the recovery of incompatible aid from the "successor" company due to economic continuity (NCHZ)

Article published on StateAidHub: http://stateaidhub.eu, 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.

Economic Continuity and Recovery of Incompatible State Aid* Incompatible State aid must be recovered from “successor” companies which acquire previously aided companies and enable the latter to continue their operations without any change. Introduction In this article I review a decision in which the Commission determined that incompatible aid had to be recovered from the “successor” company. This was the company which had obtained the assets of the initial aid recipient. The Commission ordered the recovery of the incompatible aid also from the successor company because it found that there was “economic continuity” between the legal entity that received the aid and the legal entity that eventually acquired ownership of the aided assets. Commission decision 2015/1826: Aid granted by

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Phedon Nicolaides, The EU Commission orders the recovery of incompatible aid from the "successor" company due to economic continuity (NCHZ), 15 October 2014, e-Competitions October 2014, Art. N° 77180

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