CASE COMMENTS: STATE AIDS TO FAILING COMPANIES

Failing companies : The European Commission publishes new Guidelines

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. EC Comm, 1 October 2004, Community guidelines on State aid for rescuing and restructuring firms in difficulty Aid for rescue and restructuring operations is among the most distortive types of State aid and has been the subject of cases, often very often with very high distortion of competition. sensitive issues, of a reinforced control by the Commission. It is in their regard that the Commission has been able to best express its rejection of any dirigiste industrial policy and its attachment to market economy standards, the withdrawal of an inefficient company being a normal part of the functioning of the market. The Commission's practice, supported by

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Jean-Yves Chérot, Failing companies : The European Commission publishes new Guidelines, 1 October 2004, Concurrences N° 1-2004, Art. N° 12070, pp. 87-88

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