"The Hellenic Shipyards decision: Limits to the application of Article 296 and indemnification provision in privatisation contracts"* On 2 July 2008, the Commission closed its investigation concerning 16 state measures implemented in favour Hellenic Shipyards S.A. (‘HSY‘) by ordering Greece to recover aid in excess of EUR 230 million from the firm. A summary of this long decision [1] would be of limited interest to most readers, as many parts of the assessment are specific to the case or involve the customary application of the State aid rules. This article will therefore focus on two specific issues which the Commission had to deal with in this case, and which may be of relevance for other cases, namely: the application of Article 296 of the EC Treaty and the existence of aid in an
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The EU Commission rules on the limits to the application of Article 296 and indemnification provision in privatisation contracts (Hellenic Shipyards)
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