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The EU Commission encourages delay of merger notifications and electronic submission as special measures due to COVID-19

The Coronavirus (COVID-19) pandemic has been declared an exceptional occurrence, paving the way for more and faster approval of national State aid initiatives in the EU. The massive and unprecedented financial impact on the world economy has led to a number of European governments promising aid to the sectors and companies hit hard by the COVID-19 virus pandemic. Such aid initiatives are of course subject to the European State aid rules and would – in normal circumstances - require prior notification to the European Commission's Directorate-General for Competition. Non-notified aid or aid that does not conform to the State aid rules must be paid back by aid recipients with interest. The state aid rules do, however, foresee a

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Authors

  • Bird & Bird (Copenhagen)
  • Bird & Bird (Brussels)

Quotation

Morten Nissen, José Rivas, The EU Commission encourages delay of merger notifications and electronic submission as special measures due to COVID-19, 16 March 2020, e-Competitions Preview, Art. N° 93784

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