The EU Court of Justice Advocate General Tanchev thinks the Court should dismiss the appeal of the Commission against the judgment of the General Court on support measures adopted by an Italian consortium of banks for the benefit of one of its members (Banca Popolare di Bari / Fondo interbancario di tutela dei depositi / Banca d’Italia)

According to Advocate General Tanchev, the Court should dismiss the appeal of the Commission against the judgment of the General Court on support measures adopted by an Italian consortium of banks for the benefit of one of its members* The General Court was right in considering that those measures did not constitute State aid as they did not entail the use of State resources and were not imputable to the State In 2013, an Italian bank, Banca Popolare di Bari (‘BPB’), expressed an interest in the subscription of additional capital in another Italian bank, Banca Tercas (‘Tercas’), which had been placed under special administration in 2012 as a result of irregularities identified by Banca d’Italia (the public authority performing the function of the Central Bank of Italy). Among the

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European Court of Justice, The EU Court of Justice Advocate General Tanchev thinks the Court should dismiss the appeal of the Commission against the judgment of the General Court on support measures adopted by an Italian consortium of banks for the benefit of one of its members (Banca Popolare di Bari / Fondo interbancario di tutela dei depositi / Banca d’Italia), 29 October 2020, e-Competitions October 2020, Art. N° 97701

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